CTG Reports 2020 Second Quarter Results
Computer Task Group, Incorporated (CTG)
Last computer task group, incorporated earnings: 10/22 06:55 am
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US:NYSE Investor Relations:
investors.ctg.com/investors
Company Research
Source: GlobeNewswire
Achieved GAAP EPS of $0.12; non-GAAP EPS of $0.10, Performing Well in Challenging COVID-19 Pandemic Environment Operating Margin Increased 30 Basis Points to 2.1%, or 16%, Year-over-Year Non-GAAP Operating Margin Increased 83 Basis Points to 3.2%, or 35%, Year-over-Year Solutions Expanded to 38% of Revenue as Strategic Transformation Continues BUFFALO, N.Y., July 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 its financial results for the second quarter ended June 26, 2020. Second Quarter Financial Summary Total revenue was $89.1 million, compared with $86.9 million in the previous quarter and $100.4 million in the second quarter of 2019Revenue from Solutions increased to 38.0% of total revenue, compared with 35.5% of total revenue last yearSolutions direct profit was 28.5%, an increase from 25.5% in the second quarter of 2019GAAP operating income and
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