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Computer Task Group Inc (CTG.OQ)

CTG.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Computer Task Group Inc Reports Q4 Loss Per Share $0.39
Tuesday, 19 Feb 2019 06:55am EST 

Feb 19 (Reuters) - Computer Task Group Inc ::CTG REPORTS 2018 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 LOSS PER SHARE $0.39.Q4 REVENUE $93.1 MILLION VERSUS $74.6 MILLION.COMPUTER TASK GROUP - SEES 2019 GAAP DILUTED EPS $0.20-$0.30.SEES 2019 REVENUE $380.0 - $410.0 MILLION.SEES 2019 NON-GAAP DILUTED EPS $0.30 - $0.40.  Full Article

CTG To Acquire Luxembourg-Based Tech-It For $10.3 Mln
Thursday, 3 Jan 2019 06:55am EST 

Jan 3 (Reuters) - Computer Task Group Inc ::CTG ANNOUNCES AGREEMENT TO ACQUIRE LUXEMBOURG-BASED TECH-IT.PROPOSED ALL-CASH TRANSACTION IS VALUED AT ABOUT $10.3 MILLION.DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO OPERATING RESULTS, EXCLUDING CUSTOMARY ACQUISITION-RELATED EXPENSES.CTG EXPECTS TO FUND $10.3 MILLION PURCHASE PRICE OF ACQUISITION THROUGH A COMBINATION OF CASH ON HAND AND A DRAWDOWN OF CAPITAL.BOARDS OF DIRECTORS OF BOTH COMPANIES UNANIMOUSLY APPROVED TRANSACTION.COMPUTER TASK GROUP - ANNOUNCED AGREEMENT TO ACQUIRE LUXEMBOURG-BASED TECH-IT PSF S.A., A CONSULTING AND IT SOLUTIONS COMPANY, THROUGH ITS UNIT.  Full Article

CTG Announces CEO Bud Crumlish's Retirement; Filip Gydé To Become CEO In March 2019
Thursday, 20 Dec 2018 06:55am EST 

Dec 20 (Reuters) - Computer Task Group Inc ::CTG ANNOUNCES CEO BUD CRUMLISH’S RETIREMENT; FILIP GYDÉ TO BECOME CEO IN MARCH 2019.SAYS CEO AND PRESIDENT ARTHUR W. CRUMLISH TO RETIRE.GYDÉ WILL ALSO SERVE AS A MEMBER OF COMPANY'S BOARD.GYDÉ CURRENTLY SERVES AS PRESIDENT FOR CTG'S EUROPEAN OPERATIONS.  Full Article

Ctg Reports Q3 EPS $0.08
Thursday, 18 Oct 2018 06:55am EDT 

Oct 18 (Reuters) - Computer Task Group Inc ::CTG REPORTS 2018 THIRD QUARTER RESULTS.Q3 GAAP EARNINGS PER SHARE $0.08.Q3 REVENUE $90.3 MILLION VERSUS $74 MILLION.SEES Q4 REVENUE $89 TO $94 MILLION.SEES Q4 GAAP DILUTED EPS $0.03 TO $0.07.SEES Q4 NON-GAAP DILUTED EPS $0.06 TO $0.10.SEES 2018 FULL YEAR REVENUE $355 TO $360 MILLION.SEES 2018 FULL YEAR GAAP DILUTED EPS $0.21 TO $0.25.SEES 2018 FULL YEAR NON-GAAP DILUTED EPS $0.26 TO $0.30.  Full Article

Computer Task Group - On Oct 10, Entered Into A Second Amendment Agreement amending The Credit And Security Agreement Dated Dec 21, 2017
Monday, 15 Oct 2018 05:53pm EDT 

Oct 15 (Reuters) - Computer Task Group Inc ::COMPUTER TASK GROUP - ON OCTOBER 10, ENTERED INTO A SECOND AMENDMENT AGREEMENT AMENDING THE CREDIT AND SECURITY AGREEMENT DATED DECEMBER 21, 2017.COMPUTER TASK GROUP - AMENDMENT PROVIDES FOR INCREASE IN INDEBTEDNESS FOR FOREIGN SUBSIDIARIES, IN AN AMOUNT NOT TO EXCEED 10 MILLION - SEC FILING.  Full Article

CTG Expands Share Repurchase Authorization By $10 Mln
Monday, 2 Apr 2018 06:55am EDT 

April 2 (Reuters) - Computer Task Group Inc ::CTG EXPANDS SHARE REPURCHASE AUTHORIZATION BY $10 MILLION.‍DIRECTORS AUTHORIZED CO'S REPURCHASE OF ADDITIONAL $10 MILLION OF CTG'S OUTSTANDING SHARES​.  Full Article

Computer Task Group Commences Modified Dutch Auction Tender Offer
Friday, 16 Mar 2018 06:55am EDT 

March 16 (Reuters) - Computer Task Group Inc ::COMPUTER TASK GROUP, INCORPORATED COMMENCES MODIFIED DUTCH AUCTION TENDER OFFER TO REPURCHASE UP TO 1,530,990 SHARES OF ITS COMMON STOCK.  Full Article

CTG Announces Acquisition Of Soft Company‍​
Thursday, 15 Feb 2018 08:19am EST 

Feb 15 (Reuters) - Computer Task Group Inc ::CTG ANNOUNCES ACQUISITION OF SOFT COMPANY‍​.COMPUTER TASK GROUP INC - ALL-CASH TRANSACTION IS VALUED AT $16.5 MILLION‍​.COMPUTER TASK GROUP INC - DEAL IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CTG’S OPERATING MARGIN AND EARNINGS PER SHARE.COMPUTER TASK GROUP - DEAL FUNDED WITH COMBINATION CASH ON HAND&DRAWDOWN OF CAPITAL FROM CO'S RECENTLY EXPANDED THREE-YEAR REVOLVING CREDIT FACILITY.COMPUTER TASK GROUP INC - TRANSACTION ADDS ABOUT $30 MILLION IN ANNUALIZED REVENUE‍​.COMPUTER TASK GROUP INC - BOARDS OF DIRECTORS OF BOTH COMPANIES UNANIMOUSLY APPROVED TRANSACTION.COMPUTER TASK GROUP - POST DEAL, SOFT COMPANY TO OPERATE AS UNIT OF CTG EUROPE, TO CONTINUE TO BE LED BY CURRENT SOFT COMPANY MANAGEMENT TEAM‍​.  Full Article

Computer Task Group Enters Into Credit And Security Agreement
Tuesday, 26 Dec 2017 06:56am EST 

Dec 26 (Reuters) - Computer Task Group Inc ::COMPUTER TASK GROUP SAYS ON DEC 21, CO ENTERED INTO CREDIT AND SECURITY AGREEMENT - SEC FILING.COMPUTER TASK GROUP - CREDIT AGREEMENT PROVIDES FOR A THREE-YEAR REVOLVING CREDIT FACILITY OF $45 MILLION.  Full Article

CTG REPORTS NON-GAAP EARNINGS PER SHARE $0.05 EXCLUDING ITEMS
Tuesday, 24 Oct 2017 06:55am EDT 

Oct 24 (Reuters) - Computer Task Group Inc :CTG REPORTS 2017 THIRD QUARTER RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.05 EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.00.Q3 REVENUE FELL 5.2 PERCENT TO $74 MILLION.SEES FY 2017 NON-GAAP EARNINGS PER SHARE $0.21 TO $0.23.SEES FY 2017 GAAP EARNINGS PER SHARE $0.13 TO $0.15.SEES Q4 2017 EARNINGS PER SHARE $0.05 TO $0.07.SEES Q4 2017 REVENUE $72 MILLION TO $75 MILLION.SEES FY 2017 REVENUE $298.5 MILLION TO $301.5 MILLION."‍BELIEVE WE ARE WELL POSITIONED TO ACHIEVE REVENUE GROWTH AND INCREASED PROFITABILITY IN 2018"​.  Full Article