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CTG Reports 2014 Fourth-Quarter and Full-Year Results

CTG News Release (02/24/15)

CTG reported revenues of $98.3 million for the fourth quarter of 2014, down 4% from $102.7 million in the fourth quarter of 2013. Net income for the fourth quarter of 2014 totaled $1.2 million, down 67% from $3.7 million in the year-ago quarter. IT staffing revenue totaled $67.8 million for the quarter, up 8.8% from $62.3 million, and North American revenue totaled $78.8 million, down 3.8% from $81.9 million.

For all of 2014, the company reported revenues of $393.3 million, down 6% from $419 million in 2013. Net income for 2014 totaled $10.4 million, down 34% from $15.7 million in 2013. IT staffing revenue totaled $243.7 million for the year, down 4.1% from $254.2 million, and North American revenue totaled $314.9 million, down 7.9% from $341.9 million.