CTG (CTG) Tops Q4 EPS by 8c

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Go back to CTG (CTG) Tops Q4 EPS by 8c

CTG Increased Revenue 11% and Expanded Margins in Fourth Quarter 2021 Driven by Accelerated Transformation to Digital Solutions and Services

February 22, 2022 6:55 AM EST

Delivered 7.2% annual revenue growth to $392.3 million in 2021, despite a reduction of $21.9 million of less profitable Non-Strategic Technology Services revenueEfficient execution of large training, implementation, and support engagement for a health system in North America drove better than expected fourth quarter results for North America IT Solutions and Services segment with $45.1 million in revenue - more than double prior-year periodGross margin expanded 100 basis points in the fourth quarter to 22.3% from increased contributions of IT solutions and... More