2023-05-09 06:59:31 ET
- Computer Task Group press release ( NASDAQ: CTG ): Q1 GAAP EPS of $0.02 misses by $0.04 .
- Revenue of $78.2M (-12.5% Y/Y) misses by $5.3M .
- GAAP operating margin was 0.9% in first quarter; non-GAAP operating margin was 2.7%.
- Adjusted EBITDA was $2.8 million, with a margin of 3.5%
- Committed to 10% adjusted EBITDA margins by the end of 2025.
- CTG guidance for 2023 is as follows : Revenue of $310 million to $340 million vs. consensus of $318.00M; Non-GAAP diluted EPS of $0.56 to $0.64 vs. consensus of $0.61.
For further details see:
Computer Task Group reports misses Q1 top and bottom consensus; updates FY23 outlook