CTG, Inc. (CTG) has acquired StarDust, a leading provider of testing and quality assurance services based in France, for $4.85 million in cash. The acquisition bolsters the company’s strong presence in Europe and is expected to support the expansion of CTG’s testing services into the North American market.
Read MoreCoronavirus was top of mind this week as fears of a pandemic reverberated across markets. Thus far, the software industry remains relatively unaffected from a business standpoint with the vast majority of reporting companies citing minimal end market exposure and no impact on sales cycles to date.
Read MoreCTG, Inc. (CTG) reported Q4 ’19 results ahead of our estimates, which we note also represent the consensus. The upside was attributable to robust growth in IT Solutions revenue.
Read MoreStamps.com (STMP) stole the show this week as shares basically doubled following the release of the company’s Q4 ’19 results. As noted in our recap, Strong Results and Guidance Remove Major Overhang, the big surprise was management’s outlook for growth in FY ’20 when many, us included, had assumed newly negotiated terms between the United States Postal Service (USPS) and its reseller partners would present a headwind to growth over a multi-year horizon.
Read MoreCTG, Inc. (CTG) reports Q4 ’19 results before the market opens on Tuesday, February 25. We expect results at least in line with our estimates, which sit near the lower end of management’s implied guidance.
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