CTG on NASDAQ

Computer Task Group, Incorporated

Logo: Quelle konvertiert von Marsupilami, Public domain, via Wikimedia Commons4

American IT staffing company

Computer Task Group, Inc. (commonly referred to as CTG) is an American multinational company headquartered in Buffalo, New York, that provides information technology staffing.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1966Founded1

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  • TickerCTG on NASDAQ1
  • IndustryServices-Computer Programming Services1
  • HeadquartersBuffalo1
  • Websitewww.ctg.com
  • Incorporated inNY5
  • Business address300 Corporate Parkway, Suite 214 N, Amherst, Ny 142265
  • Filer categoryAccelerated filer, Smaller reporting company5

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Computer Task Group, Inc. (commonly referred to as CTG) is an American multinational company headquartered in Buffalo, New York, that provides information technology staffing. December 2023, it was announced that Cegeka concluded the purchase of the majority stake (74%) in CTG.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

24.6%Gross margin7
3.4%Operating margin7
2.0%Net margin7
-17.1%Revenue growth, 20227
6.2%Return on equity7
$10.9MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Selling, general and admin21¢$69.0M
  • Other costs76¢$246.5M
  • Income tax1¢$2.9M
  • Profit2¢$6.6M

Out of $325.1M in revenue.7

Where each dollar of operating cash went, fiscal 2022

  • Capital spending8¢$1.0M
  • Kept or used elsewhere92¢$10.9M

Out of $11.9M of cash from operations.7

Financial statements

Revenue8910117$325.1M in 2022+0% since 2016
0$100.0M$200.0M$300.0M$400.0M2016: $324.9M$324.9M20162017: $301.2M$301.2M2017−7%2018: $358.8M$358.8M2018+19%2019: $394.2M$394.2M2019+10%2020: $366.1M$366.1M2020−7%2021: $392.3M$392.3M2021+7%2022: $325.1M$325.1M2022−17%
Gross profit1289117$80.1M in 2022+35% since 2016
0$25.0M$50.0M$75.0M$100.0M2016: $59.2M$59.2M20162017: $56.0M$56.0M2017−5%2018: $68.5M$68.5M2018+22%2019: $75.0M$75.0M2019+10%2020: $77.0M$77.0M2020+3%2021: $86.5M$86.5M2021+12%2022: $80.1M$80.1M2022−7%
Operating income8910117$11.1M in 2022
-$40.0M-$20.0M0$20.0M2016: -$32.9M-$32.9M20162017: $4.2M$4.2M20172018: $2.1M$2.1M2018−50%2019: $6.9M$6.9M2019+232%2020: $9.1M$9.1M2020+32%2021: $12.7M$12.7M2021+40%2022: $11.1M$11.1M2022−13%
Net income8910117$6.6M in 2022
-$40.0M-$20.0M0$20.0M2016: -$34.6M-$34.6M20162017: $806.0K$806.0K20172018: -$2.8M-$2.8M20182019: $4.1M$4.1M20192020: $7.6M$7.6M2020+85%2021: $13.7M$13.7M2021+80%2022: $6.6M$6.6M2022−52%
Fiscal year2016201720182019202020212022
Revenue$324.9M8$301.2M9$358.8M10$394.2M11$366.1M7$392.3M7$325.1M7
Gross profit$59.2M12$56.0M8$68.5M9$75.0M11$77.0M7$86.5M7$80.1M7
Selling, general and admin$54.8M8$51.8M9$66.4M10$68.1M11$67.8M7$73.7M7$69.0M7
Operating expenses$40.1M7$35.8M7
Operating income-$32.9M8$4.2M9$2.1M10$6.9M11$9.1M7$12.7M7$11.1M7
Income before tax$11.7M7$9.6M7
Income tax$1.1M8$3.3M9$5.1M10$2.2M11$3.0M7-$2.0M7$2.9M7
Net income-$34.6M8$806.0K9-$2.8M10$4.1M11$7.6M7$13.7M7$6.6M7
Earnings per share-$2.228$0.059-$0.2010$0.3111$0.567$0.997$0.467
Earnings per share (diluted)-$2.228$0.059-$0.2010$0.2911$0.537$0.927$0.447
Shares (weighted, basic)13.9M shares714.4M shares7
Shares (weighted, diluted)15.0M shares715.2M shares7

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The story

Initially known as Marks-Baer Inc. (MBTI), the company was founded in 1966 by Randolph A. Marks and G. David Baer, two former employees of IBM, in Buffalo, New York. MBI's initial market was the medical industry, since both founders had experience in that area.

A year after its staff grew to 20 employees and its name was changed to Computer Task Group Inc. (CTG), the firm went public in 1969. Six years later, it decided to become a national company. CTG accelerated growth through acquisitions beginning in 1980 and within 5 years, acquired 15 companies.

In 1986, it made its first international acquisition, Shubrook International, Ltd., a software consulting firm based in Chertsey, England. In 2018, five years after purchasing etrinity N.V., a healthcare IT company in Belgium, CTG acquired Soft Company, a consulting and digital services company headquartered in Paris, France.

In August 2023, it was announced CTG had been acquired by the Hasselt-headquartered IT services and consultancy company, Cegeka for $107 million. In December, it was announced that the acquisition had been completed.

Divestitures

Profimatics Inc. (1994)

From Wikipedia’s article on Computer Task Group, shared under CC BY-SA 4.0.6

Leadership

Who has led Computer Task Group, Incorporated, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. James R. Boldt2006–2014
  2. Brendan M. Harrington2015
  3. Cliff Bleustein2015–2016
  4. Arthur W. Crumlish2016–2019
  5. Filip J. L. Gyde2019–2023

Chair

  1. James R. Boldt2006–2012
  2. Daniel J. Sullivan2020–2021

President

  1. Arthur W. Crumlish2010
  2. James R. Boldt2014
  3. Cliff Bleustein2015
  4. Filip J. L. Gyde2022

Chief financial officer

  1. Brendan M. Harrington2006–2017
  2. John M. Laubacker2017–2023
197019801990200020102020
Board members and other officers (29)

Products and brands

CTG develops IT for companies in several industries including healthcare and technology services, and provides managed services IT staffing for technology companies and large corporations. The company concentrates on the financial services, telecommunications, government, industry, life sciences, and healthcare sectors. The scope of offered services includes development and integration, application management, information security, system and process assessment, and IT consulting.

CTG Belgium created a software testing methodology called FASTBoX (Framework for Automated Software Testing Based On eXperience).

Operations

CTG operates in North America (US and Canada), Western Europe (Belgium, Luxembourg, United Kingdom and France), and India. It counts about 451 clients; its largest clients are IBM and SDI International. As of December 2019, the company employs approximately 3,950 people worldwide, with 2,650 in the United States and Canada and 1,300 in Europe.

In 2018, the company operated 9 subsidiaries:

From Wikipedia’s article on Computer Task Group, shared under CC BY-SA 4.0.6

Timeline

  1. Mar 5, 2019New chief executive Filip J. L. Gyde becomes CEO18
  2. Aug 11, 2016New chief executive Arthur W. Crumlish becomes CEO19
  3. Apr 6, 2015New chief executive Cliff Bleustein becomes CEO21
  4. Jan 5, 2015New chief executive Brendan M. Harrington becomes CEO20
  5. Jun 23, 2006New chief executive James R. Boldt becomes CEO22
  6. 1966Founded Founded1

Filings

181 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 28 major events, 81 insider forms, 15 large holders, 48 other. The latest 20:

  1. Feb 9, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  2. Dec 26, 202315-12G EDGAR
  3. Dec 14, 2023S-8 POS EDGAR
  4. Dec 14, 2023S-8 POS EDGAR
  5. Dec 14, 2023S-8 POS EDGAR
  6. Dec 14, 2023S-8 POS EDGAR
  7. Dec 14, 2023S-8 POS EDGAR
  8. Dec 14, 2023S-8 POS EDGAR
  9. Dec 14, 2023S-8 POS EDGAR
  10. Dec 14, 2023S-8 POS EDGAR
  11. Dec 14, 2023S-8 POS EDGAR
  12. Dec 14, 2023S-8 POS EDGAR
  13. Dec 14, 2023S-8 POS EDGAR
  14. Dec 14, 2023S-8 POS EDGAR
  15. Dec 14, 2023S-8 POS EDGAR
  16. Dec 14, 2023S-8 POS EDGAR
  17. Dec 14, 2023S-8 POS EDGAR
  18. Dec 14, 2023S-8 POS EDGAR
  19. Dec 14, 2023S-8 POS EDGAR
  20. Dec 14, 2023S-8 POS EDGAR

The 181 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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