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CTG Fourth Quarter Net Income Increased 24% on 16% Revenue Growth

CTG News Release (02/21/12)

CTG announced its financial results for the 2011 fourth quarter and full year ended Dec. 31, 2011. The information technology staffing company reported revenue of $100.9 million for the quarter, a 16% increase from the same period in 2010, while net income stood at $3.3 million, 24% higher than a year earlier. For the entire year of 2011, CTG reported revenue of $396.2 million, a 20% gain over 2010.

New larger health care solutions projects, higher demand for external information technology resources, and the operating leverage from higher revenue were the primary contributors to CTG’s significant growth in revenue and earnings in the 2011 fourth quarter and full year. In 2011, CTG’s staffing business grew 13% to $248.0 million, or 63% of total revenue.