Computer Task Gr Q3 Adj EPS $0.11, Inline, Sales $71.29M Miss $72.76M Estimate

11/8/23 7:01:02 AM ET

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Computer Task Gr (NASDAQ:CTG) reported quarterly earnings of $0.11 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $71.29 million which missed the analyst consensus estimate of $72.76 million by 2.02 percent. This is a 4.95 percent decrease over sales of $75.00 million the same period last year.

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CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023
Cegeka and CTG work toward Completion of Regulatory Requirements to Complete Acquisition Cegeka and CTG signed an agreement on August 9, 2023, for Cegeka to purchase CTG for $10.50 per share in a cash transaction valued at approximately $170 million.IT Solutions and Services segments represent 87% of total revenue in the third quarter, CTG's highest level to date. Revenue of $71.3 million reflected intentional disengagement of $11.8 million from non-strategic technology services business.Gross margin improved to 27.3%, or 300 basis points from the prior year.GAAP operating margin was (0.8)% in third quarter; non-GAAP operating margin was 3.7%Net loss was ($0.9) million, with a net margin
11/8/23 6:55:00 AM ET
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CTG IT Solutions and Services Segments Gross Margin Improved 170 Basis Points to 30.7% in Second Quarter 2023, Cegeka to Acquire CTG for $10.50 Per Share
Cegeka to acquire CTG for $10.50 per share in a cash transaction valued at approximately $170 million. See the separate press release issued earlier today that announced this transaction.Software Engineering revenue in the second quarter of more than $30 million with gross margin of 32.7%IT Solutions and Services segments represent 86% of total revenue in the second quarter, CTG's highest level to date IT Solutions and Services segments gross margin improved 170 basis points year-over-yearRevenue of $74.6 million reflected intentional disengagement of $15.1 million from non-strategic technology services businessGross margin improved to 28.1%, or 420 basis points from the prior yearGAAP opera
8/9/23 8:00:00 AM ET
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CTG Announces Second Quarter 2023 Financial Results Conference Call and Webcast
BUFFALO, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in North America and Western Europe helping companies employ digital IT solutions and services to drive productivity and profitability, announced that it will release its second quarter 2023 results before the opening of financial markets on Wednesday, August 9, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A question-and-answer session will follow. Second Quarter 2023 Conference Call Date:Wednesday, August 9, 2023 Time:11:00 a.m. Eastern Time Phone:+1 844 826 3035 Webcast:https://investors.ctg.com A telepho
8/2/23 6:55:00 AM ET
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Computer Task Gr Q3 Adj EPS $0.11, Inline, Sales $71.29M Miss $72.76M Estimate
Computer Task Gr (NASDAQ:CTG) reported quarterly earnings of $0.11 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $71.29 million which missed the analyst consensus estimate of $72.76 million by 2.02 percent. This is a 4.95 percent decrease over sales of $75.00 million the same period last year.
11/8/23 7:01:02 AM ET
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Recap: Computer Task Gr Q3 Earnings
Computer Task Gr (NASDAQ:CTG) reported its Q3 earnings results on Wednesday, November 8, 2023 at 06:55 AM. Here's what investors need to know about the announcement. Earnings Computer Task Gr reported in-line EPS of $0.11 versus an estimate of $0.11. Revenue was down $3.71 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.01 which was followed by a 0.0% increase in the share price the next day. Here's a look at Computer Task Gr's past performance: Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022 EPS Estimate 0.14 0.10 0.11 0.12 EPS Actual 0.13 0.08 0.14 0.11 Revenue Estimate 78.70M 79.51M 76.24M 78.22M Revenue Actual 74.59M 78.
11/8/23 7:00:07 AM ET
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Cegeka And CTG Announce Extension Of Tender Offer For All Outstanding Shares Of CTG
Cegeka Groep NV ("Cegeka") and Computer Task Group, Incorporated (NASDAQ:CTG) ("CTG") announced today that Chicago Merger Sub, Inc. ("Merger Sub"), a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer (the "Offer") to acquire all of the outstanding shares of common stock of CTG, par value $0.01 per share ("Shares"), for $10.50 per Share, net to the seller in cash, without interest and less any applicable withholding taxes, pursuant to the Agreement and Plan of Merger, dated as of August 9, 2023, by and among Cegeka, CTG, and Merger Sub (the "Merger Agreement"). The Offer, which is scheduled to expire at one minute after 11:59 P.M., Eastern Time, on November 3, 2
11/3/23 9:02:04 AM ET
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CTG Continues to Execute Strategy to Build Leading Digital Solutions Enterprise; Names Scott Clark Vice President, North America Sales
BUFFALO, N.Y., May 16, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western Europe, announced today the appointment of Scott Clark as Vice President of Sales, North America. Mr. Clark will also be a global extended executive leadership team member and report to Tom Niehaus, Executive Vice President, North America. "Scott brings to CTG a strong track record of IT services, digital technology, and leadership experience in developing high-performing sales teams that build the relationships necessary to deliver client success," commented Filip Gydé, CTG
5/16/22 6:55:00 AM ET
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CTG Appoints Industry Executive Katie Stein to Board of Directors
BUFFALO, N.Y., July 01, 2021 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG), a leading provider of IT services and solutions in North America and Western Europe, today announced the appointment of Katie Stein to its Board of Directors to fill the vacancy created by the retirement of Owen Sullivan from the Board. Ms. Stein is the Chief Strategy Officer and Global Business Leader of Enterprise Services at Genpact Limited, a Business and IT services provider. She leads Genpact's development and execution of corporate strategy, as well as its core services portfolio, encompassing all industries to which Genpact provides services. Ms. Stein brings significant experience in mergers and acquisitions to th
7/1/21 4:05:00 PM ET
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CTG Appoints Digital Strategies Executive, Raj Rajgopal, to Board of Directors
BUFFALO, N.Y., Dec. 21, 2020 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of information technology (IT) solutions and services in North America and Western Europe, today announced the appointment of Raj Rajgopal to the Company’s Board of Directors, effective December 20, 2020. Rajgopal is a seasoned industry executive with over 30 years of experience implementing digital strategies and driving transformational growth. Rajgopal previously served as the President of Virtusa Corporation, where he successfully led the company’s transformation from an engineering services firm with revenue of approximately $170 million to a leading digital consulting, digital solutions and IT
12/21/20 4:05:00 PM ET
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Cegeka Successfully Completes the Tender Offer for Computer Task Group, Incorporated
HASSELT, Belgium and LIMBURG, the Netherlands, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV ("Cegeka") announced today that its wholly owned subsidiary, Chicago Merger Sub, Inc. ("Merger Sub"), has successfully completed its tender offer to purchase all outstanding shares of common stock of Computer Task Group, Incorporated (NASDAQ:CTG) ("CTG"), at a price of $10.50 per share, net to the seller in cash, without interest and less any applicable withholding taxes. CTG is a leader in North America and Western Europe, helping companies employ digital IT solutions and services to drive their productivity and profitability. This transaction aligns with Cegeka's long-term strategic vi
12/13/23 7:36:55 AM ET
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CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023
Cegeka and CTG work toward Completion of Regulatory Requirements to Complete Acquisition Cegeka and CTG signed an agreement on August 9, 2023, for Cegeka to purchase CTG for $10.50 per share in a cash transaction valued at approximately $170 million.IT Solutions and Services segments represent 87% of total revenue in the third quarter, CTG's highest level to date. Revenue of $71.3 million reflected intentional disengagement of $11.8 million from non-strategic technology services business.Gross margin improved to 27.3%, or 300 basis points from the prior year.GAAP operating margin was (0.8)% in third quarter; non-GAAP operating margin was 3.7%Net loss was ($0.9) million, with a net margin
11/8/23 6:55:00 AM ET
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Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG
HASSELT, Belgium and LIMBURG, The Netherlands and BUFFALO, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV ("Cegeka") and Computer Task Group, Incorporated (NASDAQ:CTG) ("CTG") announced today that Chicago Merger Sub, Inc. ("Merger Sub"), a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer (the "Offer") to acquire all of the outstanding shares of common stock of CTG, par value $0.01 per share ("Shares"), for $10.50 per Share, net to the seller in cash, without interest and less any applicable withholding taxes, pursuant to the Agreement and Plan of Merger, dated as of August 9, 2023, by and among Cegeka, CTG, and Merger Sub (the "Merger Agreement").
11/3/23 9:00:00 AM ET
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Computer Task Gr Q3 Adj EPS $0.11, Inline, Sales $71.29M Miss $72.76M Estimate

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Recent Analyst Ratings for
$CTG

$CTG
Financials

Live finance-specific insights

CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023

CTG IT Solutions and Services Segments Gross Margin Improved 170 Basis Points to 30.7% in Second Quarter 2023, Cegeka to Acquire CTG for $10.50 Per Share

CTG Announces Second Quarter 2023 Financial Results Conference Call and Webcast

$CTG
SEC Filings

$CTG
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 15-12G filed by Computer Task Group Inc.

SEC Form S-8 POS filed by Computer Task Group Inc.

SEC Form S-8 POS filed by Computer Task Group Inc.

Gyde Filip J L closing all direct ownership in the company (SEC Form 4)

Rajgopal Raj closing all direct ownership in the company (SEC Form 4)

Laubacker John M closing all direct ownership in the company (SEC Form 4)

$CTG
Large Ownership Changes

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SEC Form SC 13G/A filed by Computer Task Group Inc. (Amendment)

SEC Form SC 13D/A filed by Computer Task Group Inc. (Amendment)

SEC Form SC 13D filed by Computer Task Group Inc.

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Computer Task Gr Q3 Adj EPS $0.11, Inline, Sales $71.29M Miss $72.76M Estimate

Recap: Computer Task Gr Q3 Earnings

Cegeka And CTG Announce Extension Of Tender Offer For All Outstanding Shares Of CTG

CTG Continues to Execute Strategy to Build Leading Digital Solutions Enterprise; Names Scott Clark Vice President, North America Sales

CTG Appoints Industry Executive Katie Stein to Board of Directors

CTG Appoints Digital Strategies Executive, Raj Rajgopal, to Board of Directors

Cegeka Successfully Completes the Tender Offer for Computer Task Group, Incorporated

CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023

Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG

Computer Task Gr Q3 Adj EPS $0.11, Inline, Sales $71.29M Miss $72.76M Estimate

Chat with this insight

Recent Analyst Ratings for $CTG

$CTG Financials

Live finance-specific insights

CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023

CTG IT Solutions and Services Segments Gross Margin Improved 170 Basis Points to 30.7% in Second Quarter 2023, Cegeka to Acquire CTG for $10.50 Per Share

CTG Announces Second Quarter 2023 Financial Results Conference Call and Webcast

$CTG SEC Filings

$CTG Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 15-12G filed by Computer Task Group Inc.

SEC Form S-8 POS filed by Computer Task Group Inc.

SEC Form S-8 POS filed by Computer Task Group Inc.

Gyde Filip J L closing all direct ownership in the company (SEC Form 4)

Rajgopal Raj closing all direct ownership in the company (SEC Form 4)

Laubacker John M closing all direct ownership in the company (SEC Form 4)

$CTG Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G/A filed by Computer Task Group Inc. (Amendment)

SEC Form SC 13D/A filed by Computer Task Group Inc. (Amendment)

SEC Form SC 13D filed by Computer Task Group Inc.

$CTG Market Insights

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$CTG Leadership Updates

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$CTG Press Releases

Fastest customizable press release news feed in the world

Computer Task Gr Q3 Adj EPS $0.11, Inline, Sales $71.29M Miss $72.76M Estimate

Recap: Computer Task Gr Q3 Earnings

Cegeka And CTG Announce Extension Of Tender Offer For All Outstanding Shares Of CTG

CTG Continues to Execute Strategy to Build Leading Digital Solutions Enterprise; Names Scott Clark Vice President, North America Sales

CTG Appoints Industry Executive Katie Stein to Board of Directors

CTG Appoints Digital Strategies Executive, Raj Rajgopal, to Board of Directors

Cegeka Successfully Completes the Tender Offer for Computer Task Group, Incorporated

CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023

Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG

Recent Analyst Ratings for
$CTG

$CTG
Financials

$CTG
SEC Filings

$CTG
Insider Trading

$CTG
Large Ownership Changes

$CTG
Market Insights

$CTG
Leadership Updates

$CTG
Press Releases