CTG Reports First Quarter 2020 Results
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CTG (CTG) Tops Q1 EPS by 15c, Revenues Beat
April 21, 2020 6:57 AM EDTCTG (NASDAQ: CTG) reported Q1 EPS of $0.10, $0.15 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $86.9 million versus the consensus estimate of $81.05 million.
First Quarter Financial Summary
Total revenue was $86.9 million, in-line with the Companys 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... More