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CTG Reports Second Quarter EPS Increase of 47% to $0.25

CTG News Release (07/23/12)

CTG has announced its financial results for the 2012 second quarter, which ended on June 29, 2012. Diluted net income per share for the 2012 second quarter included one-time proceeds of $0.4 million, included in other income, from life insurance proceeds paid to the company upon the death of CTG co-founder and director Randolph A. Marks. Excluding this nonrecurring gain, net income per diluted share for the 2012 second quarter would have been $0.22, 29% higher than the 2011 second quarter.

“CTG’s second-quarter results were strong across the board with revenue, operating income and margin, and earnings per share all making significant gains over last year,” says CTG chairman and chief executive officer James R. Boldt. “Our health care division, which is CTG’s most profitable business unit, continues to perform very well with a 25% increase in revenue in the quarter to one-third of the company’s total revenue.”