Computer Task Group (CTG) Reports In-Line Q1 EPS

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Go back to Computer Task Group (CTG) Reports In-Line Q1 EPS

CTG Reports 2016 First Quarter Results

April 26, 2016 6:55 AM EDT

BUFFALO, N.Y., April 26, 2016 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), an information technology (IT) solutions and services company, today announced its financial results for the first quarter ended April 1, 2016.

First Quarter Highlights

Revenue was $85.9 million, compared with $84.2 million in the prior quarter and $97.5 million in the prior year first quarter;Non-GAAP operating margin was 1.3%, excluding goodwill impairment charge of $21.5 million, compared with 4.4% in the fourth quarter and 2.3% in the first quarter 2015 (GAAP operating margin was -23.8%);Non-GAAP net income was $0.04 per diluted share,... More