CTG News Release (07/28/15)
CTG reported revenue of $94.7 million in the second quarter of 2015, down 6% from $100.3 million in the second quarter of 2014. Net income totaled $554,000, down 83% from $3.2 million in the year-ago quarter. The decrease includes a noncash write-off of the company’s information technology medical management software, and charges related to a workforce reduction in Europe.
North American revenue totaled $78.1 million in the 2015 second quarter, down 3% from $80.5 million in the 2014 second quarter. IT staffing revenue totaled $62.8 million, up 5% from $59.8 million a year ago.
From Gibraltar: Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.