Computer Task Group

Computer Task Group, Inc. engages in the provision of information technology solutions and staffing services. The firm's services encompass the information technology business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the information technology solution. It operates through the following segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services. The North America and Europe IT Solutions and Services segments offer digital transformation solutions. The Non-Strategic Technology Services provides staffing services. The company was founded by Randolph A. Marks and G. David Baer on March 11, 1966 and is headquartered in Buffalo, NY.

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Earnings data Q1 2024

CTG reports strong Q4 earnings, eyes global digital solutions expansion

CTG's Q4 performance showed revenue growth and margin improvement, with a positive outlook for 2023 revenue and EPS.
Strategic focus on digital transformation and talent acquisition position CTG for growth in key sectors.
Challenges include managing client engagements, ERP implementation costs, and increased CapEx, requiring strategic planning.

CTG excels in Q1 with IT solutions focus and margin growth

CTG's Q1 performance reflects a successful transition to an IT solutions-focused business, with strong bookings and margin growth.
While facing short-term margin pressures from investments, the company's strategic initiatives position it well for future growth and profitability.
Guidance for upcoming quarters and long-term margin targets underscore CTG's positive outlook and commitment to transformation.

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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.

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

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.

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

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”).

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

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.

CTG Recognized as One of the UK's Best Workplaces in Tech™

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Computer Task Group, Incorporated (“CTG”) (NasdaqGS: CTG) to Cegeka Groep nv. Under the terms of the proposed transaction, shareholders of CTG will receive $10.50 in cash for each share of CTG that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or.

COMPUTER TASK GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Computer Task Group, Incorporated - CTG

MILWAUKEE , Aug. 9, 2023 /PRNewswire/ -- Ademi LLP is investigating CTG (Nasdaq: CTG) for possible breaches of fiduciary duty and other violations of law in its transaction with Cegeka. Click here to learn how to join the action https://www.ademilaw.com/case/computer-task-group-incorporated or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Computer Task Group, Incorporated has obtained a Fair Price in its transaction with Cegeka

Computer Task Group (CTG) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.15 per share a year ago.

Computer Task Group (CTG) Q2 Earnings and Revenues Lag Estimates

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Computer Task Group, Inc. (NASDAQ: CTG) to Cegeka Groep NV for $10.50 per share in cash is fair to Computer Task Group shareholders. Halper Sadeh encourages Computer Task Group shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation co.

CTG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Computer Task Group, Inc. Is Fair to Shareholders

BUFFALO, N.Y., Aug. 09, 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, today reported its financial results for the second quarter ended June 30, 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

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 North America and Western Europe helping companies employ digital IT solutions and services to drive their productivity and profitability, today announced that they have entered into a definitive agreement under which Cegeka agreed to acquire CTG for $10.50 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $170 million.

Cegeka to Acquire CTG for $10.50 Per Share, Enhancing Value to Customers Across North America and Europe

Computer Task Group, Incorporated provides a range of IT and business consulting services to organizations. After a revenue decline in 2022, management believes 2023 revenue will be flat. Until the firm can reignite revenue growth and improve profitability, I'm Neutral [Hold] on Computer Task Group, Incorporated stock.

Computer Task Group Sees Flat Revenue Growth In 2023 As Sales Cycles Slow

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.

CTG Announces Second Quarter 2023 Financial Results Conference Call and Webcast

BUFFALO, N.Y., June 14, 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 honored as one of this year's Best Workplaces in New York by Great Place To Work® and Fortune magazine. CTG earned the No. 27 spot on this prestigious list. Achieving this recognition demonstrates that CTG has surpassed rigorous benchmarks, establishing itself as one of the best companies to work for headquartered in New York.

Fortune Media and Great Place To Work Name CTG to 2023 Fortune Best Workplaces in New York

Computer Task Group, Incorporated (NASDAQ:CTG ) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET Company Participants Craig Mychajluk - IR Filip. Gyde - President, CEO John Laubacker - CFO Conference Call Participants Kevin Liu - K.

Computer Task Group, Incorporated (CTG) Q1 2023 Earnings Call Transcript

Computer Task Group (CTG) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.16 per share a year ago.

Computer Task Group (CTG) Q1 Earnings and Revenues Lag Estimates

BUFFALO, N.Y., May 09, 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, today reported its financial results for the first quarter ended March 31, 2023. Results include Eleviant Technologies (Eleviant), acquired by CTG on September 29, 2022.

CTG IT Solutions and Services Segments Gross Margin Improved to 28.9% in First Quarter 2023

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.

CTG Announces First Quarter 2023 Financial Results Conference Call and Webcast

EPAM Systems

Investors interested in Computers - IT Services stocks are likely familiar with Computer Task Group (CTG) and Epam (EPAM). But which of these two stocks presents investors with the better value opportunity right now?

CTG vs. EPAM: Which Stock Is the Better Value Option?

CTG provides IT consulting services. The industry is very competitive, and labor represents the highest cost center. CTG was slow to adapt to the competitive threat represented by India's low-cost labor. Today, the company's labor costs are twice those of INFY and five times India's IT average.

Computer Task Group Can't Seem To Compete With Lower-Cost Labor

BUFFALO, N.Y., March 14, 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, today announced that Filip Gydé, President and Chief Executive Officer, and John Laubacker, Chief Financial Officer, will present at the Sidoti Spring 2023 Virtual Investor Conference on Thursday, March 23, 2023 at 9:15 a.m. Eastern Time.

CTG to Webcast Presentation at the Sidoti Spring 2023 Virtual Investor Conference

Computer Task Group, Incorporated (NASDAQ:CTG ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Craig Mychajluk - Investor Relations Filip Gydé - President and Chief Executive Officer John Laubacker - Chief Financial Officer Conference Call Participants Kevin Liu - K. Liu & Company Marc Riddick - Sidoti Operator Greetings and welcome to the CTG Fourth Quarter Fiscal Year 2022 Financial Results Conference Call.

Computer Task Group, Incorporated (CTG) Q4 2022 Earnings Call Transcript

Computer Task Group (CTG) delivered earnings and revenue surprises of 16.67% and 2.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Computer Task Group (CTG) Tops Q4 Earnings and Revenue Estimates

BUFFALO, N.Y., Feb. 23, 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, today reported its financial results for the fourth quarter and full year ended December 31, 2022. Results include the first full quarter of Eleviant Technologies (Eleviant), which was acquired by CTG on September 29, 2022.

CTG IT Solutions and Services Segments Deliver Gross Margin of 31.8% for Fourth Quarter 2022

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.

CTG Announces Fourth Quarter and Full Year 2022 Financial Results Conference Call and Webcast

Computer Task Group, Incorporated reported its Q3 financial results on November 8, 2022. The firm provides various digital transformation and business process consulting services worldwide.

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