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Computer Task Group Incorporated  (CTG)
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Price: $10.5000 $0.01 0.095%
Day's High: $10.5 Week Perf: 0.29 %
Day's Low: $ 10.49 30 Day Perf: 0.96 %
Volume (M): 49 52 Wk High: $ 10.50
Volume (M$): $ 517 52 Wk Avg: $8.61
Open: $10.49 52 Wk Low: $6.05



 Market Capitalization (Millions $) 156
 Shares Outstanding (Millions) 15
 Employees 3,100
 Revenues (TTM) (Millions $) 301
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -3
 Capital Exp. (TTM) (Millions $) 3

Computer Task Group Incorporated
Computer Task Group Incorporated (CTG) is a multinational information technology (IT) solutions and services company. Founded in 1966, the company is headquartered in Buffalo, New York, United States. CTG has a global presence with offices in North America, Europe, and Asia.

CTG offers a range of IT consulting services, including application development, system integration, information management, staffing and recruiting, and cloud computing. It serves a wide range of industries, including healthcare, financial services, energy, telecommunications, and technology. The company has been consistently ranked among the top IT consulting firms in the United States.

The company's application development services involve developing custom software applications and systems for businesses that meet their unique needs. CTG's system integration and information management services involve integrating existing systems and data to make them work together more effectively. The company's staffing and recruiting services involve sourcing and placing qualified IT professionals for clients.

CTG also offers cloud computing services, which involve hosting applications and data on remote servers accessible to users over the internet. The company helps businesses transition to the cloud, develop cloud-based applications, and manage and secure their cloud infrastructure.

CTG has a diverse team of over 4,000 employees worldwide, including software engineers, business analysts, project managers, and other IT professionals. The company has won several awards for its IT solutions and services, including the "Best of Staffing Client Satisfaction" award from Inavero in 2018.

Overall, CTG is a reliable and reputable IT consulting company that provides a range of services to help businesses meet their IT needs. Its global footprint, industry expertise, and diverse team of IT professionals make it a go-to choice for businesses seeking IT solutions and services.


   Company Address: 300 Corporate Parkway Amherst 14226 NY
   Company Phone Number: 882-8000   Stock Exchange / Ticker: NASDAQ CTG
   CTG is expected to report next financial results on March 14, 2024.


   

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Computer Task Group Incorporated

Enhancing the Sophistication of the Computer Task Group Incorporated's Diminishing Returns: A Detailed Analysis of the Fiscal Period Ending September 29, 2023

Financial News Report: Computer Task Group Reports Losses in Fiscal Year Ending September 29, 2023
Computer Task Group Incorporated (CTG) has reported a loss per stock of $-0.06 per share for the fiscal period ending September 29, 2023. This is a decrease compared to the earnings of $0.07 per share reported a year ago. Additionally, the loss has surged from $-0.01 per share in the previous reporting period.
The revenue for CTG decreased by 6.047% to $70.47 million from $75.00 million in the similar reporting period a year ago. Sequentially, revenue decreased by 4.768% from $74.00 million. This drop in business is relative to the rest of the Cloud Computing & Data Analytics industry, which posted revenue growth during the same period.

Computer Task Group Incorporated

Computer Task Group Incorporated Faces Losses in Q2 2023 as Revenue and Earnings Decline

Financial News Report:
Computer Task Group Incorporated Reports Decrease in Revenue and Earnings
Computer Task Group Incorporated (CTG) has reported a financial shortfall for the April to June 30, 2023 interval, as the company slipped into a loss of $-0.01 per share compared to earnings of $0.13 per share a year earlier. Additionally, earnings per share fell from $0.02 per share in the prior reporting period. This decline in profitability is in stark contrast to the rest of the Cloud Computing & Data Analytics industry, which continued to post revenue growth during the same period.
The revenue for CTG decreased by -10.59% to $74.00 million from $82.76 million in the corresponding financial reporting period last year. It is worth noting that revenue also sequentially decreased by -5.38% from $78.20 million. This significant drop in revenue suggests a challenging operating environment for CTG.

Computer Task Group Incorporated

Computer Task Group Incorporated Faces Serious Revenue Slump Amidst the First Quarter of 2023, but Signals of Recovery and Growth Emerge

Despite a decline in revenue and earnings, there are several factors indicating that Computer Task Group Incorporated will recover and thrive in the near future. First, their sequential revenue increase of 0.385% from the previous reporting period indicates that the decline in revenue may have bottomed out. This suggests that Computer Task Group Incorporated may be experiencing a slight recovery from the pandemic.
Additionally, Computer Task Group Incorporated's operating margin of 0.9% is a temporary phenomenon that is likely due to the company's investments in growth initiatives. Such investments can result in higher expenses, which can lower operating margin in the short term, but can, in the long term, lead to higher revenue and earnings. Therefore, it is reasonable to conclude that Computer Task Group Incorporated's low operating margin will rise again as these investments pay off.






 

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