Computer Task Group, Incorporated, together with its subsidiaries, provides information and technology services in North America, South America, Western Europe, and India. It provides business process transformation solutions, which include strategic advisory, data strategy, digital workplace, enterprise platforms, information disclosure, and regulatory and compliance services; technology transformation solutions, such as application development, automation, cloud, data management, enterprise platform implementation, and testing services; and operations transformation solutions consisting of application support, IT operations support, cloud, and infrastructure. The company provides IT and other staffing services, including managed staffing, staff augmentation, and volume staffing services. It serves financial services, healthcare, manufacturing, and energy industries, as well as technology service providers. Computer Task Group, Incorporated was Incorporated in 1966 and is headquartered in Amherst, New York.
IPO Year:
Exchange: NASDAQ
Website: ctg.com
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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
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
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
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
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
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").
HASSELT, Belgium and LIMBURG, Netherlands and BUFFALO, N.Y., Oct. 12, 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"). The
HASSELT, Belgium/Limburg and BUFFALO, N.Y., Sept. 21, 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"). The Offer, which w
BUFFALO, N.Y., Sept. 05, 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 their productivity and profitability, announced today that the Company has been named to the 2023 United Kingdom's (UK) Best Workplaces in Tech™ list in the small employer category by Great Place To Work® UK. Through an anonymous survey, CTG employees shared that the Company's people and collaborative culture are what truly make a great place to work. CTG UK starts off the year with a prestigious annual "kick-off" over-night event in the UK countryside. Then, throughout the year, the Company conti
NEW YORK, Aug. 12, 2023 (GLOBE NEWSWIRE) -- Western Asset Mortgage Capital Corporation (NYSE:WMC) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of WMC to AG Mortgage Investment Trust, Inc. Under the terms of the proposed merger, WMC shareholders will receive 1.5 shares of AG Mortgage Investment Trust, Inc. for each share of WMC common stocked owned and a cash payment from Angelo Gordon equal to approximately 9.99% of the aggregate per share merger consideration (not to exceed $7 million in total). If you are a WMC investor, and would like additional information about our investigation, please complete the Information R
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
Cegeka finds in CTG a partner that complements its customer and service portfolio and strengthens Cegeka's capabilities and knowledge. Cegeka and CTG together can deliver enhanced value to customers across North America and Europe.Cegeka will acquire CTG for $10.50 per share in cash in a transaction valued at approximately $170 million. The acquisition is expected to bring Cegeka to an annual turnover in 2024 of €1.4 billion, employing over 9,000 people in 18 countries. HASSELT, Belgium/Limburg and BUFFALO, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep nv ("Cegeka"), a leading European IT solutions company, and Computer Task Group, Incorporated (NASDAQ:CTG) ("CTG"), a leader in Nor
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
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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
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
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
Software Engineering revenue in the first quarter of more than $30 million with gross margin of 31.8%Revenue of $78.2 million reflected intentional disengagement of $11.6 million from non-strategic technology services businessSigned one of the largest IT Solutions engagements in North America with expected revenue of $20 million over next two yearsIT Solutions and Services segments represent 81% of total revenue in the first quarter IT Solutions and Services segments gross margin improved 130 basis points year-over-yearGAAP operating margin was 0.9% in first quarter; non-GAAP operating margin was 2.7%Net income was $0.3 million, with a margin of 0.4%; adjusted EBITDA was $2.8 million, with a
BUFFALO, N.Y., April 25, 2023 (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 that it will release its first quarter 2023 results before the opening of financial markets on Tuesday, May 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. First Quarter 2023 Conference Call Date: Tuesday, May 9, 2023Time: 11:00 a.m. Eastern TimePhone: +1 844 826 3035Webcast: https://investors.ctg.com A telephon
Within IT Solutions and Services segments, an area of focus is Software Engineering, where revenue totaled more than $100 million for 2022, and fourth quarter gross margins exceeded 34%Consolidated operating margin was 3.1% in the fourth quarter; non-GAAP operating margin expanded 30 basis points to 5.1%Achieved fourth quarter net income of $1.2 million with a net margin of 1.6%; Adjusted EBITDA was $4.8 million with a margin of 6.2%, up 40 basis pointsRemain on track to achieve goal of approximately 7% Adjusted EBITDA margin by year end 2023Full year 2022 revenue was $325.1 million with gross margin of 24.6%, net margin of 2.0%, Adjusted EBITDA margin of 5.3%, up 70 basis points, and dilute
BUFFALO, N.Y., Feb. 09, 2023 (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 that it will release its fourth quarter and full year 2022 results before the opening of financial markets on Thursday, February 23, 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. Fourth Quarter and Full Year 2022 Conference CallDate: Thursday, February 23, 2023Time: 11:00 a.m. Eastern TimePhone: +1 877 704 4453Webc
Improved mix of business as a result of digital transformation strategy drove gross margin expansion of 190 basis points to 24.3% on revenue of $75.0 million. Revenue relatively unchanged year-over-year on a constant currency basis and excluding intentional disengagement of lower margin Non-Strategic Technology Services business.North America and Europe IT Solutions and Services segments revenue increased on a constant currency basis and considering the impact in the prior year of the large training, implementation, and support engagement for a health system in North America.North America and Europe IT Solutions and Services segments delivered combined gross margin of 29.1%, an increase of 1
BUFFALO, N.Y., Oct. 25, 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 that it will release its third quarter 2022 results before the opening of financial markets on Tuesday, November 8, 2022. 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. Third Quarter 2022 Conference Call Date:Tuesday, November 8, 2022 Time:11:00 a.m. Eastern Time Phone:+1 877 704 4453 Webcast:www.ctg.com A telephonic r
BUFFALO, N.Y., Sept. 29, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in the Americas and Western Europe, today announced that it has acquired Eleviant Tech (Eleviant), a privately owned digital transformation company with expertise in mobile, cloud, web, blockchain, robotic process automation (RPA), and artificial intelligence (AI) technologies. Transaction Highlights Strengthens CTG's digital offerings in areas such as AI, machine learning (ML), and intelligent automation while expanding capabilities in cloud migration, mobile application development, and emerging technologies,
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.
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.
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
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 was previously scheduled to expire at one minute after 11:59 P.M., Eastern Time, on
Gainers Tango Therapeutics, Inc. (NASDAQ:TNGX) climbed 85.2% to $7.09 after gaining 11% on Tuesday. Tango Therapeutics recently posted a narrower quarterly loss. Decibel Therapeutics, Inc. (NASDAQ:DBTX) gained 76% to $4.9150 after Regeneron announced it will acquire the company. Benitec Biopharma Inc. (NASDAQ:BNTC) jumped 75.8% to $3.3937. Benitec Biopharma reported pricing of $30 million underwritten public offering. Renovaro Biosciences Inc. (NASDAQ:RENB) shares gained 68.2% to $1.43 after the company and AI-focused GEDi Cube announced a binding, exclusive letter of intent to merge. T Stamp Inc. (NASDAQ:IDAI) climbed 48.8% to $2.3518. EBET, Inc. (NASDAQ:EBET) surged 40.5% to $0.040
U.S. stocks traded lower, with the Nasdaq Composite falling around 100 points on Wednesday. Here are some big stocks recording gains in today’s session. Tango Therapeutics, Inc. (NASDAQ:TNGX) gained 85.2% to $7.09 after gaining 11% on Tuesday. Tango Therapeutics recently posted a narrower quarterly loss. Decibel Therapeutics, Inc. (NASDAQ:DBTX) rose 76% to $4.9150 after Regeneron announced it will acquire the company. Mirati Therapeutics, Inc. (NASDAQ:MRTX) climbed 30.1% to $36.17 after the company reported second-quarter financial results. Also, B. Riley Securities upgraded the stock from Neutral to Buy and announced a $45 price target. Array Technologies, Inc. (NASDAQ:ARRY) gained 27
Gainers T Stamp (NASDAQ:IDAI) shares rose 46.9% to $2.32 during Wednesday's regular session. As of 13:30 EST, T Stamp's stock is trading at a volume of 9.7 million, which is 297.1% of its average full-day volume over the last 100 days. The company's market cap stands at $17.2 million. Computer Task Gr (NASDAQ:CTG) shares moved upwards by 27.75% to $10.22. Trading volume for Computer Task Gr's stock is 2.4 million as of 13:30 EST. This is 11630.2% of its average full-day volume over the last 100 days. The company's market cap stands at $162.4 million. As per the news, the Q2 earnings report came out today. LivePerson (NASDAQ:LPSN) shares moved upwards by 26.81% to $5.06. LivePerson's stock
Gainers Actelis Networks (NASDAQ:ASNS) shares moved upwards by 31.8% to $2.9 during Wednesday's pre-market session. The market value of their outstanding shares is at $5.6 million. Computer Task Gr (NASDAQ:CTG) stock moved upwards by 28.63% to $10.29. The company's market cap stands at $163.5 million. As per the news, the Q2 earnings report came out today. LivePerson (NASDAQ:LPSN) stock increased by 21.55% to $4.85. The company's market cap stands at $382.9 million. The company's, Q2 earnings came out yesterday. Gorilla Tech Gr (NASDAQ:GRRR) stock increased by 14.74% to $2.18. The company's market cap stands at $147.3 million. Blackboxstocks (NASDAQ:BLBX) stock rose 14.5% to $3.0. The m