Computer Task Group, Incorporated (CTG) News
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Latest CTG News From Around the Web
Below are the latest news stories about COMPUTER TASK GROUP INC that investors may wish to consider to help them evaluate CTG as an investment opportunity.
Computer Task Group Inc (CTG) Reports Mixed Q3 2023 Results Amid Acquisition ProcessRevenue Declines as Company Focuses on Strategic IT Solutions and Services |
CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023Cegeka and CTG work toward Completion of Regulatory Requirements to Complete Acquisition Cegeka and CTG signed an agreement on August 9, 2023, for Cegeka to purchase CTG for $10.50 per share in a cash transaction valued at approximately $170 million.IT Solutions and Services segments represent 87% of total revenue in the third quarter, CTG’s highest level to date. Revenue of $71.3 million reflected intentional disengagement of $11.8 million from non-strategic technology services business.Gross m |
Endava PLC Sponsored ADR (DAVA) Surges 6.0%: Is This an Indication of Further Gains?Endava PLC Sponsored ADR (DAVA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. |
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTGHASSELT, Belgium and LIMBURG, The Netherlands and BUFFALO, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV (“Cegeka”) and Computer Task Group, Incorporated (NASDAQ: CTG) (“CTG”) announced today that Chicago Merger Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer (the “Offer”) to acquire all of the outstanding shares of common stock of CTG, par value $0.01 per share (“Shares”), for $10.50 per Share, net to the seller in cash, wit |
CTG Recognized as One of the UK’s Best Workplaces in Tech™BUFFALO, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- CTG (Nasdaq: CTG) (“Company”), a leader in North America and Western Europe helping companies employ digital IT solutions and services to drive their productivity and profitability, announced today that the Company has been named to the 2023 United Kingdom’s (UK) Best Workplaces in Tech™ list in the small employer category by Great Place To Work® UK. Through an anonymous survey, CTG employees shared that the Company’s people and collaborative cul |
Computer Task Group (CTG) Q2 Earnings and Revenues Lag EstimatesComputer Task Group (CTG) delivered earnings and revenue surprises of -7.14% and 5.23%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock? |
CTG IT Solutions and Services Segments Gross Margin Improved 170 Basis Points to 30.7% in Second Quarter 2023, Cegeka to Acquire CTG for $10.50 Per ShareCegeka to acquire CTG for $10.50 per share in a cash transaction valued at approximately $170 million. See the separate press release issued earlier today that announced this transaction.Software Engineering revenue in the second quarter of more than $30 million with gross margin of 32.7%IT Solutions and Services segments represent 86% of total revenue in the second quarter, CTG’s highest level to date IT Solutions and Services segments gross margin improved 170 basis points year-over-yearRevenu |
Cegeka to Acquire CTG for $10.50 Per Share, Enhancing Value to Customers Across North America and EuropeCegeka finds in CTG a partner that complements its customer and service portfolio and strengthens Cegeka’s capabilities and knowledge. Cegeka and CTG together can deliver enhanced value to customers across North America and Europe.Cegeka will acquire CTG for $10.50 per share in cash in a transaction valued at approximately $170 million. The acquisition is expected to bring Cegeka to an annual turnover in 2024 of €1.4 billion, employing over 9,000 people in 18 countries. HASSELT, Belgium/Limburg |
Epam (EPAM) Q2 Earnings and Revenues Beat EstimatesEpam (EPAM) delivered earnings and revenue surprises of 12.82% and 1.13%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock? |
CTG Announces Second Quarter 2023 Financial Results Conference Call and WebcastBUFFALO, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- CTG (Nasdaq: CTG) (“Company”), a leader in North America and Western Europe helping companies employ digital IT solutions and services to drive productivity and profitability, announced that it will release its second quarter 2023 results before the opening of financial markets on Wednesday, August 9, 2023. The Company will host a conference call and webcast to review the financial and operating results and discuss its strategy and outlook. A ques |