CTG Reports First Quarter 2020 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
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Source: GlobeNewswire
Operating Income Increased More Than 80%, or $0.9 Million, Year-over-Year Achieved GAAP EPS of $0.08; non-GAAP EPS of $0.10 BUFFALO, N.Y., April 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 first quarter ended March 27, 2020. First Quarter Financial Summary Total revenue was $86.9 million, in-line with the Company’s previously announced expectationsOperating income and margin increased by $0.9 million and 122 basis points year-over-year, respectively, to $2.1 million and 2.4%, reflecting a higher contribution from the Solutions business coupled with effective cost containmentNon-GAAP operating income and margin, excluding $0.4 million of acquisition-related expenses, increased $1.0 million and 138 basis points year-over-year, respectively, to $2.5 million and 2.9%GAAP net income was $1.1 million, or $0.08 per dilu
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