Computer Task Group (CTG) Tops Q2 EPS by 4c; Guides FY16 EPS Above Views

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CTG Reports 2016 Second Quarter Results

July 26, 2016 6:55 AM EDT

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

Second Quarter and Recent Highlights

Revenue was $83.5 million, compared with $94.7 million in the prior year second quarter;Operating margin was 2.3%, compared with 1.2% in the second quarter of 2015, which included $2.3 million in charges;Net income was $1.3 million, or $0.08 per diluted share, compared with $554,000, or $0.03 per diluted share, in the year-ago quarter, which... More