...Based on the strength of its current business and trends in its healthcare and staffing businesses, CTG has raised its 2011 revenue and earnings guidance. The Company is increasing the range of its 2011 revenue guidance to $380 million to $400 million from $365 million to $385 million, an 18% increase from 2010 at the midpoint of the new projected range. The Company currently projects 2011 net income per diluted share of $0.65 to $0.75, an increase of $0.02 from the previous range and a 35% increase from 2010 at the midpoint of the new range. A tax rate of approximately 38% is projected for 2011.
Boldt commented, "All indicators are that 2011 will be another very good year for CTG with a continuation of robust double-digit revenue and earnings growth. We are increasing our revenue and earnings guidance for the year based on the stronger than expected growth we are experiencing in our managed staffing services business and the number of new healthcare business wins in the first quarter."