CTG Reports 2019 Second Quarter Results
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Computer Task Group (CTG) Tops Q2 EPS by 2c; Narrows FY19 EPS Guidance, Offers FY19 Revenue Outlook
July 23, 2019 7:01 AM EDTComputer Task Group (NASDAQ: CTG) reported Q2 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $100.4 million versus the consensus estimate of $100.3 million.
Total revenue increased 8.4% year-over-year to $100.4 million, including the first full quarter of contribution from the acquisition of Tech-IT in February 2019Focus on disciplined revenue quality improvement in Staffing resulted in a better Enterprise-wide business mix with an operating income increase of 21.8% year-over-yearRevenue from Solutions increased 21.6% year-over-year to 35.5% of total revenue, compared with 31.6% of total revenue last yearRevenue in Europe increased 17.5% (24.9% in local... More