Sify Technologies to announce Financial Results for FY 2020-21 on May 07, 2021

Chennai, Tamil Nadu, April 30, 2021 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), India’s most comprehensive ICT solutions provider with global service capabilities spanning domestic and international Telecom Networks, Data Centers, Cloud, Applications, Managed Services, and Systems integration, today announced that it will report its unaudited IFRS financial results for the full year ended March 31, 2021, on Friday, May 7, 2021 before the market opens. 

In conjunction with the announcement, Sify will host a conference call at 8:30 AM ET with Mr. Raju Vegesna, Chairman of the Board, Mr. Kamal Nath, Chief Executive Officer and Mr. M P Vijay Kumar, Chief Financial Officer. Interested parties may participate by dialling +1-888-506-0062 (Toll-Free in the U.S. or Canada) or +1-973-528-0011 (International), which will also be simultaneously broadcast live over the Internet at https://ift.tt/32vHogS or https://www.webcaster4.com/Webcast/Page/2184/40989.

Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.

The online archive of the Webcast will be available shortly after the conference call, or investors can listen to the replay by dialling +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International) and entering the replay passcode 40989. Please allow for some time post-conference call to access the archive of the Webcast. The replay is available until May 14, 2021.

About Sify Technologies

Sify Technologies is India’s most comprehensive ICT services & solutions provider. With Cloud at the core of our solutions portfolio, Sify is focused on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid, and small-sized businesses. 

Sify’s infrastructure comprising the largest MPLS network, top-of-the-line DCs, partnership with global technology majors, vast expertise in business transformation solutions modelled on the cloud make it the first choice of start-ups, incoming Enterprises, and even large Enterprises on the verge of a revamp.

 

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks, and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has a presence across North America, the United Kingdom, and Singapore.

Sify, www.sify.com, Sify Technologies, and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2020, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

 

For further information, please contact:

CONTACT: Praveen Krishna
Sify Technologies Limited
+91 9840926523
praveen.krishna@sifycorp.com

Nikhila Kesavan
20:20 Media
+91 9840124036
nikhila.kesavan@2020msl.com

Shiwei Yin
Grayling Investor Relations
+1-646-284-9474
Shiwei.Yin@grayling.com

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Homogenous Precious Metal Catalyst Market Value Predicted to Reach US$ 24.6 Billion by 2027 Covering Pre and Post COVID-19 Market Analysis: Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Homogenous Precious Metal Catalyst Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020-2027”

LOS ANGELES, April 30, 2021 (GLOBE NEWSWIRE) -- The Global Homogenous Precious Metal Catalyst Market is expected to grow at a CAGR of around 6.2% from 2020 to 2027 and reach the market value of over US$ 24.6 Bn by 2027.

Europe will continue to dominate the global homogeneous precious metal catalyst market in the coming years. Increasing energy demand from Europe's economies such as France, Slovakia, Hungary, Belgium, Sweden, and Bulgaria supports the overall market's growth. Furthermore, the presence of adequate oil reserves in countries such as Russia, Norway, the United Kingdom, and Italy is expected to supplement the market growth. Major market participants are shifting their focus to increasing capacity in order to meet the region's growing demand. Companies are also focusing on innovation in order to develop advanced products that perform better during the process. Such factors will also contribute to the region's market growth.

DOWNLOAD SAMPLE PAGES OF THIS REPORT@ https://www.acumenresearchandconsulting.com/request-sample/2601

Market Dynamics

The growing preference for homogeneous catalysts over heterogeneous ones due to their specific features, particularly those related to selectivity, boosts the market growth. The market is also expected to see a significant increase in demand as a result of the Covid-19 pandemic, as PGM catalysts are used in the formulation of several APIs, including a few antibiotics used to treat Covid-19. Homogeneous precious metal catalysts enable the catalytic completion of the directed synthesis of a composite organic intermediate, resulting in a product that could not be obtained otherwise. A homogeneous catalytic method can improve product superiority as well as the overall economics of a current process. Several well-established homogeneous catalysts are suitable for laboratory preparations. Market participants are constantly innovating in order to expand their user base and achieve greater market growth in the future.

VIEW TABLE OF CONTENT OF THIS REPORT@ https://www.acumenresearchandconsulting.com/homogenous-precious-metal-catalyst-market

Segmental Outlook

The global homogenous precious metal catalyst market is segmented based on product and end-use. By product, the market is segmented as platinum, palladium, rhodium, ruthenium, iridium, gold, and others. Based on end-use, the market is segmented as pharmaceutical & biomedical, refineries, agrochemicals, electrochemical, power generation, and others.

Platinum-based product segment is expected to grow significantly in the coming years due to rising demand in hydrosilylation reaction applications due to their highly reactive nature. However, price uncertainty and the impact of the Covid-19 on the supply chain and demand are likely to stifle growth in this segment. Rhodium-based products are used in reactions requiring lower temperatures and pressures, such as hydroformylation. Because of their increasing use in the automotive sector, demand for these catalysts is expected to rise in the market.

The refinery segment will lead the global homogeneous precious metal catalyst market by end-use until the forecast period. The presence of several mainstream refineries in Europe indicates significant market growth potential over the forecast period. However, the sudden outbreak of Covid-19 has negatively affected the refinery sector due to lockdowns imposed in the region, which has harmed oil consumption by the transportation sector. Product demand, on the other hand, is expected to rise once the current situation subsides.

Browse Upcoming Market Research Reports@ https://www.acumenresearchandconsulting.com/forthcoming-reports

Competitive Landscape

The major players involved in the Homogenous Precious Metal Catalyst market involve BASF SE, Evonik Industries AG, Johnson Matthey Plc, Heraeus Group, Clariant International Ltd, Umicore SA, Alfa Aesar, Vineeth Precious Catalysts Pvt. Ltd., Haldor Topsoe, Umicore N.V., American Elements, Chimet S.p.A., Shanxi Kaida Chemical Engineering Co., Ltd., Sabin Metal Corporation, among others.

Some of the key observations regarding the homogenous precious metal catalyst industry include:

• In March 2017, BASF Catalyst division announced the opening of new mobile emissions catalysts manufacturing site which will replace the existing BASF plant in Chennai which will double the company’s catalyst manufacturing capacity in India.    
  
  
• In January 2017, Johnson Matthey Fine Chemicals announced the launching of a new online catalyst store. The new store will provide the customer with easy access to enquiry quantities of commercial grade ligands and catalysts, to accelerate the development of efficient and economic processes to pharmaceuticals, agrochemicals, and other applications.
  

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Moto g40 Fusion, India's Most Affordable Smartphone Offering Snapdragon™ 732G Processor - Goes on Sale Starting 1st May, 12 Pm on Flipkart

Business Wire India

 

• moto g⁴⁰ fusion is India's most affordable smartphone offering the ultra-fast Snapdragon™ 732G processor starting just Rs. 13,999
• moto g40 fusion also comes packed with a, 120Hz 6.8” HDR10 display, monster 6000mAh battery, 64MP Quad Function Camera, near-Stock Android 11 OS right out of the box, and Motorola’s proprietary solution for business grade security – ThinkShield for mobile
• The moto g⁴⁰ fusion will be available in two variants –
  • 4GB RAM + 64GB Storage at just Rs. 13,999
  • 6GB RAM + 128GB Storage at just Rs. 15,999
• Customers can avail an instant discount of Rs. 1,000 on ICICI bank credit cards, and credit/debit card EMI transactions

 
Motorola’s latest offering and its newest addition to the g-series family, the moto g⁴⁰ fusion will go on sale on Flipkart starting today. Starting from INR 13,999, the moto g⁴⁰ fusion comes with the promise of powerful specifications and the idea of future-ready tech. The smartphone comes in two variants of 4+64GB and 6+128GB and is available for users in two phenomenal colors - Dynamic Gray and Frosted Champagne.

The moto g⁴⁰ fusion is India’s most affordable smartphone packed with the blazing fast Qualcomm® Snapdragon™ 732G for exceptional graphics and lag free performance. It also boasts a 120Hz 6.8” HDR10 display that gives you the most fluid and smooth viewing experience while gaming or watching videos. Plus, a 64MP quad function camera with a 6000 mAh battery, near-stock android experience with Android 11, advanced security of ThinkShield for mobile, and more makes it an incredibly loaded device at an exceptional price point.
 
The moto g⁴⁰ fusion also comes with a dedicated google assistant, my UX for access to all your favourite moto gestures, a water-repellent design, and more, making it an exceptionally loaded device at an affordable price point. The smartphone will be available for consumers to purchase starting May 1, 12 pm on Flipkart with exciting bank offers:
 

• Get INR 1000 Instant Discount on purchases made using ICICI bank credit cards and on ICICI debit/credit card EMI transactions.
• Including the bank offer the effective price of the devices will be just:
• 4+64 GB - 12,999
• 6+128 GB - 14,999

VaccineOnWheels Appointed by Pune Municipal Corporation as its on-Ground Covid Immunization Administration Partner Under PPP

https://ift.tt/2zaxEZA

Business Wire India

 

• India’s first mobile vaccination player to be empaneled by PMC for Indian Government’s Covid Immunization Drive to setup & run Vaccination Booths
• 15 Mobile Vaccination Units will be deployed by VaccineOnWheels to take vaccination service near to communities by conducting Vaccination Booths as per government guidelines
• At these vaccination booths, Covid vaccination will be provided free of cost to all beneficiaries as per government protocol

VaccineOnWheels (VOW), India’s first and only doctor based mobile vaccination clinic, dedicated to serve the underprivileged communities in India, today announced that the organization has entered in a PPP (Public Private Partnership) service agreement with Pune Municipal Corporation as its on-ground Covid-19 vaccination administration partner. VaccineOnWheels and PMC together will provide vaccination services to adults and elderly people by setting up vaccination booths near communities with an ultimate aim of increasing immunization penetration. VaccineOnWheels will deploy 15 vaccination units, wherein each unit will administer around 150 doses of Covid vaccines a day. As part of the protocol, every vaccination booth will have qualified doctors, nurses, and healthcare support staffs along with one ambulance on standby for any emergency support required in case of AEFI (Adverse Event Following Immunization).
 
VaccineOnWheels in partnership with Rotary Club of Pune Central will bring together NGOs and CSR partners to fund various resources required to deploy 15 mobile vaccination units to immunize more than 1 Lac people in a single month within Pune’s Municipal Corporation area. Its unique PPP model will undertake a complex orchestration of multiple activities – from procurement to deployment, awareness to mobilization, registration to inoculation with support of multiple stakeholders. The partnership between stakeholders is built to enable transparency, ease of access, and equity that will collectively accelerate a return to normalcy. The organization aims to immunize over 1 million Indians in a span of 8 to 12 months in partnerships with various state governments across India.
 
Ms. Rubal Agrawal, Additional Commissioner of Pune Municipal Corporation said, "Covid pandemic has already affected many lives and unfortunately we are being hit by a second wave that is spreading fast. Currently, the best remedy available is to get everybody vaccinated at the earliest. With this new initiative, we aim to accelerate the immunization rate for PMC and the state of Maharashtra by helping people to get vaccinated."
 
Speaking on the occasion, Mr. Jignesh Patel, Founder & Chief Executive Officer, VaccineonWheels said, “We are happy to serve Maharashtra and India with our doctor based Mobile Vaccination Clinic service, especially in these times when the state is among the worst hit with 2^nd wave of Covid. In these critical times, it is our privilege and honor to serve with a mission to immunize people with covid vaccines and save millions of lives. Our PPP model will enable stakeholder collaboration across industries, government, and NGOs to share a commitment in making available vaccination services even at grassroot levels.”

A similar drive has already been launched at Pune’s PCMC where VaccineOnWheels is introducing 5 units. The 1^st unit was rolled out on 17^th April at PCMC and so far this unit has immunized more than 2000 people at an average of more than 200 immunizations per day.

Rotary Club of Pune Central has come forward and supported VaccineOnWheels to associate with CSR partners, other Rotary Clubs of Pune District along with other NGOs and individual donors. President of Rotary Club of Pune Central - Ajay Dubey said, "Getting vaccines to people who do not have adequate access is the need of the hour. Rotary has played a very active role in the Polio vaccination drive for a long time. Jointly with our corporate donors and other Rotary Clubs, the Rotary Club of Pune Central will fully support VaccineOnWheels in this very important and urgent endevour. We have also decided to utilize the services of VaccineOnWheels in other districts of Maharashtra and other states of India to support Indian government’s covid immunization drive in vaccinating every Indian."
 
The organization emulates example of successful people-centric approach to optimize the vaccination ecosystem. VaccineOnWheels comes equipped with the capability and readiness to introduce such mobile units anywhere within India to support the nation in vaccinating people outside of hospital setups. With the support of various funding partners, VaccineOnWheels plans to introduce more than 100 mobile units which can be deployed in different states of India.

Medix Global Announces Winners of Its Inaugural Digital Health Innovation Challenge India

https://ift.tt/2zaxEZA

Business Wire India

• The winning team will be awarded a cash prize and additional benefits.
• The winners and runner-ups will also undergo three months of mentorship with Medix Global’s expert team alongside potential investments and collaboration opportunities.

​
Fitterfly, a digital health tech start-up, was announced as the winner of the inaugural edition of Digital Health Innovation Challenge India hosted by Medix Global, a leading global provider of innovative and digital health and medical management solutions.

The Navi Mumbai based startup offers personalised digital therapeutics programmes for diabetes, pregnancy, and PCOS and obesity to deliver health outcomes. With Covid-19 pushing remote monitoring and digital therapeutics to the forefront of medicine and India often referred to as the diabetes capital of the world, the startup is well poised to help solve difficult problems through innovative solutions with a potential to impact a significant proportion of India’s population.

Stamurai and Wellthy Therapeutics were selected as the first and second runner ups respectively. Stamurai offers speech therapy for stuttering and speech impairments through an automated solution via a mobile app. Wellthy Therapeutics designs clinically validated digital health interventions for chronic disease management through a cloud-based technology stack and analytical tools.

Speaking on the occasion, Mrs. Sigal Atzmon, Founder & CEO, Medix Global said, “We congratulate the winners of the first edition of the Digital Health Innovation Challenge India. These are very challenging times and now, more than ever, we need to collaborate, innovate and find solutions that will ensure that people everywhere have access to quality healthcare services. Developing digital health solutions is the only way to do this at scale. The innovative business models and exciting ideas we witnessed today have tremendous potential to grow and even revolutionize how healthcare is consumed and delivered. With Medix’ global expertise, we look forward to working with them closely in making quality healthcare services affordable and accessible for everyone.”

The three startups were among the five finalists that made it to the last round from a diverse pool of over 110 applicants. The other startups that made it to the final round included Metamagics (GridSense) and State of Mind.ai. The three winning startups will also be eligible for further potential funding and strategic collaborations to help scale their ventures locally and outside of India. They will also receive three months of mentorship with Medix Global’s expert team.

“I would also like to thank the jury members for their valuable time and for partnering with Medix Global to make the event a grand success,” added Mrs. Sigal Atzmon.

Besides, Mrs. Sigal Atzmon, the jury members included Dr. Sangita Reddy, Joint Managing Director, Apollo Hospitals Group & Past President, FICCI; Mr. Shrijeet Mishra, Chief Innovation Officer and Head Group Services, Aditya Birla Group; Mrs. Padmaja Ruparel, President, Indian Angel Network; Mr. Naveen Tahilyani, CEO, Tata-AIA Life; Mr. Sanjeev Malhotra, CEO at Centre of Excellence for IoT and AI, NASSCOM; Mr. Rajit Mehta, CEO, Antara Senior Living; Mr. Rohit Bhayana, Managing Partner, Lumis Partners; Mr. Ajay Nanavati, Chairman, Quantum Advisors; Adv. Anat Bernstein- Reich, Managing Director, A & G Partners; Dr. Yaron Daniely, Partner and Head of aMoon Alpha, aMoon Ventures; Prof. Mukul Gupta, Marketing Professor and Prof. David Zeltser, Medical Director, Medix Global.

Medix Global Announces Winners of Its Inaugural Digital Health Innovation Challenge India

https://ift.tt/2zaxEZA

Business Wire India

• The winning team will be awarded a cash prize and additional benefits.
• The winners and runner-ups will also undergo three months of mentorship with Medix Global’s expert team alongside potential investments and collaboration opportunities.

​
Fitterfly, a digital health tech start-up, was announced as the winner of the inaugural edition of Digital Health Innovation Challenge India hosted by Medix Global, a leading global provider of innovative and digital health and medical management solutions.

The Navi Mumbai based startup offers personalised digital therapeutics programmes for diabetes, pregnancy, and PCOS and obesity to deliver health outcomes. With Covid-19 pushing remote monitoring and digital therapeutics to the forefront of medicine and India often referred to as the diabetes capital of the world, the startup is well poised to help solve difficult problems through innovative solutions with a potential to impact a significant proportion of India’s population.

Stamurai and Wellthy Therapeutics were selected as the first and second runner ups respectively. Stamurai offers speech therapy for stuttering and speech impairments through an automated solution via a mobile app. Wellthy Therapeutics designs clinically validated digital health interventions for chronic disease management through a cloud-based technology stack and analytical tools.

Speaking on the occasion, Mrs. Sigal Atzmon, Founder & CEO, Medix Global said, “We congratulate the winners of the first edition of the Digital Health Innovation Challenge India. These are very challenging times and now, more than ever, we need to collaborate, innovate and find solutions that will ensure that people everywhere have access to quality healthcare services. Developing digital health solutions is the only way to do this at scale. The innovative business models and exciting ideas we witnessed today have tremendous potential to grow and even revolutionize how healthcare is consumed and delivered. With Medix’ global expertise, we look forward to working with them closely in making quality healthcare services affordable and accessible for everyone.”

The three startups were among the five finalists that made it to the last round from a diverse pool of over 110 applicants. The other startups that made it to the final round included Metamagics (GridSense) and State of Mind.ai. The three winning startups will also be eligible for further potential funding and strategic collaborations to help scale their ventures locally and outside of India. They will also receive three months of mentorship with Medix Global’s expert team.

“I would also like to thank the jury members for their valuable time and for partnering with Medix Global to make the event a grand success,” added Mrs. Sigal Atzmon.

Besides, Mrs. Sigal Atzmon, the jury members included Dr. Sangita Reddy, Joint Managing Director, Apollo Hospitals Group & Past President, FICCI; Mr. Shrijeet Mishra, Chief Innovation Officer and Head Group Services, Aditya Birla Group; Mrs. Padmaja Ruparel, President, Indian Angel Network; Mr. Naveen Tahilyani, CEO, Tata-AIA Life; Mr. Sanjeev Malhotra, CEO at Centre of Excellence for IoT and AI, NASSCOM; Mr. Rajit Mehta, CEO, Antara Senior Living; Mr. Rohit Bhayana, Managing Partner, Lumis Partners; Mr. Ajay Nanavati, Chairman, Quantum Advisors; Adv. Anat Bernstein- Reich, Managing Director, A & G Partners; Dr. Yaron Daniely, Partner and Head of aMoon Alpha, aMoon Ventures; Prof. Mukul Gupta, Marketing Professor and Prof. David Zeltser, Medical Director, Medix Global.

WHO Selected India's Qure.AI For 3 Global Medical AI Firms for Screening Tuberculosis Worldwide

Qure.ai's qXR being used for TB Screening

World Health Organization has introduced the Qure.AI’s artificial intelligence-based tuberculosis diagnostic software as a platform that can replace human specialists in its annual Integrated Tuberculosis Screening Guidelines.

Besides, Mumbai-based Qure.ai, the other two companies are -- Lenit of South Korea and Delft Imaging of the Netherland. The WHO conducted joint research for more than two years with carefully selected global medical AI companies and selected these three companies through internal discussion.

Qure.ai's qXR is an Artificial Intelligence (AI) based chest X-ray interpretation tool that has been trained on millions of chest X-rays. qXR can detect findings suggestive of Tuberculosis (TB) and aids several TB screening programs across the world.

Qure.ai is spread over 35 countries, mostly in Asia, Middle East, Africa, Europe, LatAm, the U.K. and the U.S. In countries like India, Africa, and South-East Asia, its A.I.-assisted medical imaging solutions are already helping small medical teams to turn around lifesaving diagnoses in a fraction of the time normally required.

To prevent tuberculosis, one of the world's highest mortality diseases, the WHO has been publishing guidelines for integrated tuberculosis screenings since 2013.

In this year's guidelines, the WHO recommended a chest X-ray reading test using AI for tuberculosis for the first time, reflecting the research results related to artificial intelligence-based computer-aided diagnosis (CAD).

The updated guidelines said that by using the AI software of companies that took part in the research, it is possible to detect and screen for tuberculosis with more than 90 percent accuracy, a level similar to that of radiologists.

QuestionPro Spring XDay 2021 Focuses on Future of Research, Customer Experience and Employee Experience

• Free, virtual event features leading experts from major consumer brands, including Amazon, Kellogg’s, Ford and the NBA on research and customer experience
• Special fireside chat with AON tackles how to prevent worker burnout

AUSTIN, Texas, April 29, 2021 (GLOBE NEWSWIRE) -- QuestionPro, a global leader in online survey and research services today announced the agenda and speaker lineup for its annual customer event, XDay 2021 North America. This free event, taking place online May 11, 2021 from 10 a.m. – 3:00 p.m. (U.S. Central Time), features panels and fireside chats with industry leaders on a range of topics related to the future of research, customer experience and employee experience.

The event opens with remarks from QuestionPro founder and CEO Vivek Bhaskaran, in which he will unveil a new offer from the company as well as updates to existing products.

Next up is a panel that dives deep into how to ensure consistent customer and brand experiences in today’s multichannel world. Panelists share their perspectives on developing and measuring the customer experience online, in store and at events. The panel features Bill Trovinger, Senior Customer Insights Manager, Private Brands at Amazon; Kyle Hudson, Former Director, Team Marketing & Business Operations for the NBA; and Terah Putman, Director - Next Generation Insights at Kellogg’s. The panel is moderated by QuestionPro’s President of Research & Insights, Dan Fleetwood.

Insights about the customer experience continue with a 1-1 conversation with auto industry veteran Dave Girolamo, who currently heads analytics for QuestionPro’s AutoX, a platform that combines Employee Experience, Customer Experience and Vehicle Quality. Dave has more than 20 years working in the auto industry, including at Ford and Mazda. He will share CX lessons and best practices from an industry known for its consumer marketing success.

The afternoon session features a fireside chat with Andrea O'Leary, Ph.D., Senior Director, Culture & Change at AON that is moderated by Sanja Licina, Ph.D., President of QuestionPro’s Workforce group. The two will discuss the importance of understanding that burnout is more than an employee problem – it’s an organizational problem. Dr. O’Leary will share what AON is doing to address burnout so it can continue to attract and retain top talent.

The event concludes with QuestionPro’s legendary “AMA” (Ask Me Anything) sessions in which attendees are free to pick the brains of QuestionPro’s executive team. Questions have ranged from how to use certain features to challenging company execs to develop or include new features. Such discussion and suggestions have led to new features, including Anchored MaxDiff and Office Hours, a monthly Q&A livestream for QuestionPro users.

The event is free and open to the public. Information and registration is available online at: https://www.questionpro.com/xday/2021/north-america/

About QuestionPro
Founded in 2006, QuestionPro is a global provider of online survey and research services that help companies make better decisions through data. From free consumer accounts to robust enterprise-level research, we offer tools for the creation, distribution, and analysis of surveys. We also offer platforms for polling, mobile research and data visualization. Fortune 100 companies rely on us to help unlock insights about customers, employees and the marketplace. With offices in the US, Mexico, Germany, the United Arab Emirates and India, we offer customers 24-7 access to highly trained support specialists and engineers. More information is available at www.questionpro.com.

 

CONTACT: Media Contact
John Williams, Scoville PR for QuestionPro
206.660.5503, jwilliams@scovillepr.com 

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Corporate Travel Technology Leader Deem Wins Silver Stevie® American Business Award® for COVID-19 Response

Travel SafetyCheck is recognized for helping keep businesspeople safer as they travel during a time of increased risk

Silver Stevie(R) Award Badge from the American Business Awards(R) for Deem's Travel SafetyCheck feature in the Etta business travel booking and management platform.

A screen capture of the hotel neighborhood safety scores as seen in the Travel SafetyCheck feature of Etta, the business travel booking and management platform from Deem.

Oakland, CA, April 29, 2021 (GLOBE NEWSWIRE) -- Deem, a leading mobile and cloud technology provider for the corporate travel industry, today announced it has won the Silver Stevie® award in the 19^th Annual American Business Awards for its Travel SafetyCheck feature in its new Etta business travel booking and management solution.

SafetyCheck efficiently provides accurate health and safety information for each segment of their trip within the booking flow as travelers are booking trips, when they need it most.

“We know that travel is better for business when it’s better for people,” said Deem President David Grace. “Empowering people with the right information at the right time helps them make the best choices for themselves and their companies. It allows them to focus on their jobs and helps them be more productive. This is why we’re so committed to being a traveler-centric software platform.”

As a business travel technology company, Deem is very sensitive to the impact of the pandemic on our industry and people, especially on those critical industries that need to continue traveling despite the risks. SafetyCheck was concepted, produced, and delivered to the Etta platform in just 90 days, in response to the immediacy of the pandemic and traveler needs.

“I was impressed how they turned their problem of wanting to offer a more actionable duty of care solution into a solution in 90 days,” said one of the judges about the SafetyCheck entry. “The analytics, clients, and reviews provided made their case more professional. The website and video were very well put together and is something I could see businesses and professionals using often. A great corporate response to the pandemic.”

The SafetyCheck feature is highlighted in each phase of booking — flights, hotel, and ground transportation — so travelers can easily find information such as cleaning protocols, regulations, safety scores for hotel neighborhoods based on nighttime safety, LGBTQ+ safety and other factors, maps of Covid-19 historical and current caseloads, and more. Using icons, maps, and pop-up boxes for additional vendor information, the details are presented in a clear and organized way, creating a seamless booking process for the traveler.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations — public and private, for-profit and non-profit, large and small. 

Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be virtually presented to winners during a live event on Wednesday, June 30.  

  

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. The Stevies also produce the annual Women|Future Conference. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Sponsors of The 2021 American Business Awards include John Hancock Financial Services, Melissa Sones Consulting, and SoftPro.

 

About Deem

Deem is on a mission to transform travel. Starring Etta, its mobile-first, corporate travel booking and management platform, Deem offers employees everything they need to easily make the right travel decisions for themselves and their company. Deem’s travel technology plugs into major travel agencies and expense solution providers, empowering more corporate customers and the world’s largest travel management companies.

Deem is a wholly owned and independently run subsidiary of Enterprise Holdings. The company is headquartered in Oakland, California, with offices in Dublin, Ireland and Bangalore, India. Learn more at Deem.com.

Attachments

• ABA21_Silver_Winner_1200x630
• SafetyCheck_Hotel results with neighborhood scores

CONTACT: Diana Brandon
Deem
4155908414
diana.brandon@deem.com

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Grinntech Emerges a Winner in the NXP India Start-up Challenge

https://ift.tt/3nvvBKi

Grinntech, an investor-backed start-up specialising in Lithium-Ion batteries for EVs and energy storage systems has been judged as one of three winners from over 192 applicants in the NXP Semiconductors India Start-up Challenge 2021.

Grinntech Manufacturing Plant

The Challenge has a core vision to nurture Indian technology start-ups by providing them opportunities to connect and collaborate with industry leaders and other ecosystem stakeholders that can support them in their growth journey for global impact. The NXP India Tech Start-up Challenge is organised by NXP Semiconductors in association with Government of India's Invest India and Startup India initiatives.

Nikhilesh Mishra, Co-founder and Director, Grinntech explains, "Lithium-Ion batteries are "intelligent" batteries and hence employ sophisticated Battery Management Systems (BMS) and software to optimise performance measures such as energy management, extending duty cycles, and improving power delivery, while at the same time maintaining all defined safety parameters. We have employed many NXP products to achieve the stringent safety requirements needed in automotive applications while being cost competitive. Grinntech's product portfolio spans over complete automotive application range and comes ready with industry leading IOT functionalities, best suited for smart mobility and fleet management. NXP also helps in providing the extensive support and documentation to fast track the development timelines while meeting the safety standards. We are grateful to NXP Semiconductors India and their partners, Invest India and Start-up India for providing this platform for Indian tech start-ups to showcase our technologies."

"As the EV sector in India scales up, we hope tech start-ups like us will power its growth with Made-in-India solutions that employ globally-benchmarked technologies. Since our move to our new facilities in Chennai, we have picked-up momentum with clients not only in the 2-wheeler space but also 3-wheelers, warehouse robots and the farm-tractor sectors," added Puneet Jain, Co-founder and Director, Grinntech.

Grinntech now offers a variety of proprietary Li-Ion batteries ranging from sub-1 kWh to over 50 kWh spanning the voltage range from 12V to 350V. In addition, Grinntech is engaged in several custom battery development projects for their customers which also employ Grinntech's proprietary Battery Management Systems. Grinntech's new manufacturing facility in Chennai is being scaled to manufacture 400 MWh per year of Lithium-Ion batteries.

About Grinntech

Grinntech is an investor-backed, growth-phase start-up, specialising in Lithium-Ion batteries for EVs and energy storage systems along with our proprietary BMS and connectivity systems. Our product range has established new standards in safety, intelligent controls, energy-density, power-management, long life, and reliability. Apart from a range of standard products, we also undertake custom battery development for customers in India and abroad.

Grinntech works closely with leading global technology companies and cell suppliers, bringing cutting-edge advances in semiconductor, materials, cell-chemistry and formats. We employ contemporary techniques in our manufacturing including cell-characterisation and production testing. Our expertise has been recognised by our customers, many of whom are market leaders, and we are working with many of them to power their future EV endeavours.

Wipro, Citrix, Hewlett Packard Enterprise Partner to Accelerate Remote Working Solutions

https://ift.tt/2zaxEZA

Business Wire India
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has strengthened its alliance with Citrix Systems, Inc. (Nasdaq: CTXS) and Hewlett Packard Enterprise (HPE).
 
The partnership will provide enterprises a robust solution that will accelerate remote working and bring modernization into workspaces. The solution offers a seamless framework to enable a unified experience for organizations. This will be delivered through a pay-per-use model that is subscription-based, agile, elastic, and offers a consistent cloud experience. It aims to help clients accelerate their digital transformation efforts and work towards building a resilient enterprise that can operate successfully as a hybrid workplace in the new normal.
                                                                                                                
Wipro will integrate its Desktop as a Service platform, virtuadesk™, and Wipro's Digital Workspace solution with a host of services offered by Citrix and HPE. The partnership will leverage Citrix® Virtual Apps & Desktop™ Services with a zero-trust security strategy alongside  purpose-built Virtual Desktop Infrastructure (VDI) from HPE to manage workloads and create secure, high-performance virtual compute environments through HPE GreenLake cloud services. The combination of advanced solutions and architecture will fully support the development of modern virtual workspaces with flexible commercial models to ensure business continuity.   
 
Wipro virtuadesk™ provides accelerators for cloud readiness assessment, cloud migration and  application life cycle management. In addition, virtuadesk™ makes it easier to leverage the benefits that accompany Artificial Intelligence, automation, the Internet of Things, heightened mobility and advanced analytics. This creates an ecosystem for improved employee engagement and collaboration through simpler IT. Virtuadesk™ also allows for greater workplace efficiency and accessibility, with 24/7 access to apps and data.
 
Satish Y, Vice President, iCORE - Cloud and Infrastructure Services, Wipro Limited said, “We are excited to collaborate with Citrix and HPE to further enhance the value we create for our customers. This integration strengthens our complementary capabilities in virtualization tools and platforms, desktop and application integration, as well as workplace management services. Together, we will equip enterprises to enhance employee experiences and build a collaborative, intelligent, flexible and sustainable workspace that helps them achieve transformative outcomes.”
 
“The COVID-19 pandemic has changed the way the world works,” said Sachin Menon, Vice President, Global Strategic Partners, Citrix. “Remote work has become the standard for many companies, and together with Wipro and HPE, Citrix can deliver a powerful digital workspace in a trusted and secure public cloud where employees can access everything they need to get work done and perform at their best wherever they happen to be.”
 
“In response to the ongoing COVID-19 crisis and the subsequent new normal, businesses feel pressured to implement secure, remote work options for their employees,” said Arwa Kaddoura, Vice President, Worldwide Sales and Go To Market, HPE GreenLake. “A key element of any VDI implementation is ensuring a customer’s platform supports the workload they are running. With HPE GreenLake for VDI, we are offering customers a broad portfolio of secure VDI infrastructure solutions to match specific use cases or workloads. And now, through our joint solution with Wipro we will help customers address their most immediate challenges and unexpected demands.” 

DRDO Conducted Trial of 5th Generation Python-5 Air-to-Air Missile

Tejas, India's indigenous Light Combat Aircraft, added the 5th generation Python-5 Air-to-Air Missile (AAM) in its air-to-air weapons capability on April 27, 2021. Trials were also aimed to validate enhanced capability of already integrated Derby Beyond Visual Range (BVR) AAM on Tejas. The test firing at Goa completed a series of missile trials to validate its performance under extremely challenging scenarios. Derby missile achieved direct hit on a high-speed maneuvering aerial target and the Python missiles also achieved 100% hits, thereby validating their complete capability. The trials met all their planned objectives.

Prior to these trials, extensive missile carriage flight tests were conducted at Bengaluru to assess integration of the missile with aircraft systems on board the Tejas, like Avionics, Fire-control radar, Missile Weapon Delivery System and the Flight Control System. At Goa, after successful separation trials, live launch of the missile on a Banshee target was carried out. Python-5 missile live firing was conducted to validate target engagement from all aspects as well as beyond visual ranges. In all the live firings, missile hit the aerial target.

The missiles were fired from Tejas aircraft of Aeronautical Development Agency (ADA) flown by Indian Air Force (IAF) Test pilots belonging to National Flight Test Centre (NFTC). The successful conduct was made possible with years of hard work by the team of scientists, engineers and technicians from ADA and HAL-ARDC along with admirable support from CEMILAC, DG-AQA, IAF PMT, NPO (LCA Navy) and INS HANSA.

Raksha Mantri Shri Rajnath Singh has congratulated the teams of DRDO, ADA, Indian Air Force, HAL and all involved in the trial. Secretary Department of Defence R&D and Chairman DRDO Dr G Satheesh Reddy appreciated the efforts of scientists, engineers and technicians from various organisations and industry.

CTG Reports First Quarter 2021 Results

Revenue Increased 12% Year-over-Year

Solutions Revenue Increased 25% Year-over-Year, Representing 44% of Total Revenue

GAAP EPS Increased 25% Year-over-Year to $0.10

Achieved non-GAAP EPS of $0.13, up 30% Year-over-Year

BUFFALO, N.Y., April 29, 2021 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of digital IT services and solutions in North America and Western Europe, today announced its financial results for the first quarter ended April 2, 2021.

First Quarter Financial Summary

• Total revenue increased 11.7% year-over-year to $97.1 million, compared with $86.9 million in the first quarter of 2020
• Solutions revenue increased 25.3% year-over-year to $43.1 million, or 44.3% of total revenue, compared with $34.4 million, or 39.5% of revenue, in the year-ago quarter
• Gross profit increased 21.8% year-over-year to $20.8 million, or 21.4% of revenue, compared with $17.0 million, or 19.6% of revenue, in the year-ago quarter
• GAAP operating income and margin were $2.1 million and 2.2%, respectively, compared with $2.1 million and 2.4% in the first quarter of 2020
• Non-GAAP operating income and margin, excluding $0.6 million in acquisition-related and rebranding expenses, were $2.7 million and 2.8%, respectively
• GAAP net income increased to $1.5 million, or $0.10 per diluted share, compared with GAAP net income of $1.1 million, or $0.08 per diluted share, in the year-ago quarter
• Non-GAAP net income increased to $2.0 million, or $0.13 per diluted share, compared with non-GAAP net income of $1.4 million, or $0.10 per diluted share, in the year-ago quarter
• Adjusted EBITDA increased 9.9% year-over-year to $3.7 million, compared with $3.4 million in the year-ago quarter. Approximately 60% of adjusted EBITDA was generated from Solutions
• Cash balances totaled $33.5 million, with no debt at the end of the first quarter of 2021
  

First Quarter and Recent Business Highlights

• Increased investment in digital transformation solutions, services and business development including implementation of a corporate rebranding and new tagline – Transformation Accelerated
• Secured multi-million dollar contracts with two new Healthcare clients in the U.S. for legacy application support and patient portal solutions over multiple years
• Generated continued business momentum and growth in Europe, with a double-digit number of new client wins and sustained strong utilization of resources across European operations
  

CEO Comments on Results

“Our first quarter results demonstrate another period of significant year-over-year revenue growth and earnings per share improvement, as we continued our strong financial performance from last year,” said Filip Gydé, CTG President and CEO. “Revenue increased 12% year-over-year led by the exceptional growth of our Solutions business, which grew over 25% to represent 44% of total revenue, as well as continued new business momentum in Europe. Combined with expanded gross profit from our higher-margin Solutions business, non-GAAP earnings for the first quarter increased 30% year-over-year.”

“During the quarter, we continued to reinforce our strategic focus and ongoing investments in advanced digital solutions and service offerings, unveiling and successfully implementing a comprehensive rebranding and new tagline – “Transformation Accelerated.” This company-wide effort has been extremely well received and clearly communicates CTG’s strategy and mission of enabling clients to accelerate project momentum and achieve the desired outcomes and performance improvements from their digital transformation initiatives.”

Gydé concluded, “Our financial results and continued commercial progress in the first quarter reflect the team’s ongoing disciplined execution of our strategic plan to drive the growth of CTG’s Solutions business. Looking forward, we will continue to expand our portfolio of digital solutions and enhance our global delivery capabilities, while underpinning these offerings with industry-leading talent. Together with our recently launched rebranding, I believe we are poised to gain further momentum on our initiatives in support of continued growth, improving profitability and increased value for CTG shareholders.”

Consolidated First Quarter Results

Revenue in the first quarter of 2021 was $97.1 million, representing a 4.2% decrease from $101.3 million in the fourth quarter of 2020, and a 11.7% increase from the $86.9 million in the first quarter of 2020. The sequential decrease in first quarter revenue primarily reflects two fewer billable days in the first quarter as well as the expected completion of a large multi-quarter contract with a health solutions client in the fourth quarter of 2020. The increase in revenue compared with the first quarter of 2020 was driven by a combination of an expanded contribution from Solutions business and continued new business momentum in Europe.

In the 2021 first quarter, and in conjunction with its focus on delivering digital IT solutions, the Company made minor modifications to its definition of Solutions business. In order to provide consistent comparisons, Solutions revenue and Solutions gross profit margins presented in this release have been recast using the new definition for all periods presented.

Gross profit in the first quarter of 2021 was $20.8 million, or 21.4% of revenue, compared with $21.6 million, or 21.3% of revenue, in the fourth quarter of 2020, and $17.0 million, or 19.6% of revenue, in the first quarter of 2020. SG&A expense in the first quarter of 2021 reflected our continued investment in solutions and business development resources consistent with our IT digital solutions strategy. These expenses totaled $18.7 million, and included $0.4 million in acquisition-related expenses associated with previously acquired businesses and $0.2 million in rebranding expenses. This compared with SG&A expense in the fourth quarter of 2020 of $18.3 million, which included $0.3 million in acquisition-related expenses associated with previously acquired businesses. SG&A expense in the first quarter of 2020 was $15.0 million, which included $0.5 million in acquisition-related expenses.

GAAP operating income in the first quarter of 2021 was $2.1 million, or 2.2% of revenue, and included the previously referenced acquisition-related and rebranding expenses. Non-GAAP operating income in the first quarter of 2021 was $2.7 million or 2.8% of revenue. GAAP operating income in the fourth quarter of 2020 was $3.3 million, or 3.3% of revenue, and included $0.3 million in acquisition-related expenses. Non-GAAP operating income in the fourth quarter of 2020 was $3.6 million or 3.5% of revenue. GAAP operating income in the first quarter of 2020 was $2.1 million, or 2.4% of revenue, and included $0.5 million in acquisition-related expenses. Non-GAAP operating income in the first quarter of 2020 was $2.5 million or 2.9% of revenue. CTG’s operations outside of the U.S. are conducted in local currencies. These fluctuations increased operating income by less than $0.3 million in the first quarter of 2021.

GAAP net income in the first quarter of 2021 was $1.5 million, or $0.10 per diluted share, which included a combined $0.5 million, or $0.03 per diluted share, of acquisition-related and rebranding expenses. Non-GAAP net income was $2.0 million or $0.13 per diluted share. GAAP net income in the fourth quarter of 2020 was $1.9 million, or $0.13 per diluted share, which included $0.1 million, or $0.01 per diluted share, of acquisition-related expenses. Non-GAAP net income in the fourth quarter of 2020 was $2.0 million or $0.14 per diluted share. GAAP net income in the first quarter of 2020 was $1.1 million, or $0.08 per diluted share, which included $0.3 million, or $0.02 per diluted share, in acquisition-related expenses. Non-GAAP net income was $1.4 million, or $0.10 per diluted share, in the first quarter of 2020.

CTG’s effective income tax rate in the first quarter of 2021 was 22.6% compared with 45.6% in the fourth quarter of 2020, and 39.0% in the first quarter of 2020. The lower than historical effective tax rate in the first quarter of 2021 reflects the deduction of expenses that were previously non-deductible for tax, while the higher tax rate in the fourth quarter of 2020 was a result of certain expenses incurred during the period that were non-deductible for tax purposes.

Balance Sheet

Cash and short-term investments at April 2, 2021 were $33.5 million. At the end of the first quarter, the Company had no outstanding balance on its revolving line of credit facility and no other long-term debt. Days sales outstanding were 71 in both the first quarters of 2021 and 2020.

Guidance and Outlook

Given the continued global impact of the COVID-19 pandemic and reduced visibility on CTG’s end markets and clients, the Company is not providing guidance for 2021 at this time. However, the Company continues to expect solid revenue growth and an increasing mix of Solutions revenue, partially offset by ongoing selective disengagement from lower margin Staffing business.

John M. Laubacker, CTG Executive Vice President and Chief Financial Officer commented, “Our continued strong performance in the first quarter is a testament to the team’s focus and execution on our strategy. Although the general business environment has remained difficult to predict, we continue to benefit from the increased contribution from higher margin Solutions revenue, and in turn deliver significant improvement in the Company’s operating performance. Through our ongoing investments in enhanced capabilities and new solutions offerings, we will drive our digital transformation strategy during the course of 2021 in support of our commitment to increasing long-term value to all CTG stakeholders.”

Conference Call and Webcast

CTG will hold a conference call today at 11:00 a.m. Eastern Time to discuss its financial results and business outlook. To access CTG’s conference call via telephone, participants should dial +1 877 226 8189 and enter the access code 6073339. The conference call will also be available via webcast in the Investors section of CTG’s website at www.ctg.com.

A replay of the call will be available between 3:00 p.m. Eastern Time on April 29, 2021 and 12:00 a.m. Eastern Time on May 3, 2021 by dialing +1 866 207 1041 and entering the access code 1095567. The webcast will also be archived on CTG’s website in the Events & Presentations section for at least 90 days following completion of the conference call.

About CTG

CTG (NASDAQ: CTG) is a leading provider of digital transformation solutions and services that accelerate clients’ project momentum and achievement of their desired IT and business outcomes. We have earned a reputation as a reliable, results-driven partner focused on improved data-driven decision making, meaningful business performance improvements, new and enhanced customer experiences, and continuous innovation. CTG has operations in North America, South America, Western Europe, and India. The Company regularly posts news and other important information online at www.ctg.com.

Reconciliation of GAAP to Non-GAAP Information

The Company has referenced non-GAAP information in this news release. The Company believes that the use of non-GAAP financial information provides useful information to investors and management to gain an overall understanding of its current financial performance and prospects. In addition, non-GAAP financial measures are used by management for forecasting, facilitating ongoing operating decisions, and measuring the Company’s overall performance. The Company believes that these non-GAAP measures align closely with its internal measurement processes and are reflective of the Company’s core operating results.

A reconciliation of GAAP to non-GAAP information is included in the financial tables below. The non-GAAP financial information is presented using a consistent methodology from quarter-to-quarter and year-to-year. These measures should be considered in addition to results prepared in accordance with GAAP. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. The Company believes that non-GAAP financial measures have limitations in that they do not reflect all amounts associated with the Company's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate the Company's results of operations in conjunction with the corresponding GAAP financial measures. As such, the non-GAAP financial measures disclosed by the Company should not be considered a substitute for or superior to financial measures calculated in accordance with GAAP, and reconciliations between GAAP and non-GAAP financial measures included in this earnings release should be carefully evaluated.

Safe Harbor Statement

This document contains certain forward-looking statements concerning the Company's current expectations as to future growth, financial outlook, business strategy and performance expectations for 2021 and statements related to cost control, new business opportunities, financial performance, market demand, and other attributes of the Company. These statements are based upon the Company's expectations and assumptions, a review of industry reports, current business conditions in the areas where the Company does business, feedback from existing and potential new clients, a review of current and proposed legislation and governmental regulations that may affect the Company and/or its clients, and other future events or circumstances. Actual results could differ materially from the outlook guidance, expectations, and other forward-looking statements as a result of a number of factors, including among others, the effects of the COVID-19 pandemic and the regulatory, social and business responses thereto on the Company’s business, operations, employees, contractors and clients, the availability to the Company of qualified professional staff, domestic and foreign industry competition for clients and talent, increased bargaining power of large clients, the Company's ability to protect confidential client data, the partial or complete loss of the revenue the Company generates from International Business Machines Corporation (IBM), the ability to integrate businesses when acquired and retain their clients while achieving cost reduction targets, the uncertainty of clients' implementations of cost reduction projects, the effect of healthcare reform and initiatives, the mix of work between solutions and staffing, currency exchange risks, risks associated with operating in foreign jurisdictions, renegotiations, nullification, or breaches of contracts with clients, vendors, subcontractors or other parties, the change in valuation of capitalized software balances, the impact of current and future laws and government regulation, as well as repeal or modification of such, affecting the information technology (IT) solutions and staffing industry, taxes and the Company's operations in particular, industry and economic conditions, including fluctuations in demand for IT services, consolidation among the Company's competitors or clients, the need to supplement or change our IT services in response to new offerings in the industry or changes in client requirements for IT products and solutions, actions of activist shareholders, and other factors that involve risk and uncertainty including those listed in the Company's reports filed with the Securities and Exchange Commission as of the date of this document. Such forward-looking statements should be read in conjunction with the Company's disclosures set forth in the Company's Form 10-K for the year ended December 31, 2020, which is incorporated by reference, and other reports that may be filed from time to time with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.

Investors and Media:
John M. Laubacker, Chief Financial Officer
+1 716 887 7368

COMPUTER TASK GROUP, INCORPORATED (CTG)
Condensed Consolidated Statements of Income
(Unaudited)
(amounts in thousands except per share data)

			For the Quarter Ended
			Apr. 2,				Mar. 27,
			2021				2020
Revenue			$	97,129			$	86,949
Cost of services				76,362				69,903
Gross profit				20,767				17,046
Selling, general and administrative expenses				18,669				14,979
Operating income				2,098				2,067
Other expense, net				(150	)			(191	)
Income before income taxes				1,948				1,876
Provision for income taxes				440				732
Net income			$	1,508			$	1,144
Net income per share:
Basic			$	0.11			$	0.08
Diluted			$	0.10			$	0.08
Weighted average shares outstanding:
Basic				13,696				13,547
Diluted				14,944				14,316

COMPUTER TASK GROUP, INCORPORATED (CTG)
Condensed Consolidated Balance Sheets
(Unaudited)
(amounts in thousands)

			Apr. 2,			Dec. 31,			Mar. 27,
			2021			2020			2020
	Current Assets:
	Cash and cash equivalents		$	33,524		$	32,865		$	31,481
	Accounts receivable, net			74,468			76,892			71,162
	Other current assets			3,914			3,381			4,770
	Total current assets			111,906			113,138			107,413
	Property and equipment, net			5,799			5,515			5,040
	Operating lease right-of-use assets			23,884			22,116			20,372
	Cash Surrender Value			3,415			3,587			2,931
	Acquired intangibles, net			8,391			9,097			7,982
	Goodwill			20,415			21,275			19,705
	Other assets			1,693			1,525			1,161
	Total Assets		$	175,503		$	176,253		$	164,604
	Current Liabilities:
	Accounts payable		$	14,307		$	18,784		$	15,757
	Accrued compensation			23,488			21,968			24,681
	Operating lease liabilities			6,433			6,427			5,773
	Other current liabilities			14,401			13,966			9,847
	Total current liabilities			58,629			61,145			56,058
	Long-term debt			-			-			12,000
	Operating lease liabilities			17,328			15,564			14,540
	Other liabilities			19,472			20,036			14,806
	Shareholders' equity			80,074			79,508			67,200
	Total Liabilities and Shareholders' Equity		$	175,503		$	176,253		$	164,604

COMPUTER TASK GROUP, INCORPORATED (CTG)
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(amounts in thousands)

			For the Quarter Ended
			Apr. 2,				Mar. 27,
			2021				2020
Net income			$	1,508			$	1,144
	Depreciation and amortization expense			854				816
	Equity-based compensation expense			590				512
	Other operating items			(697	)			16,707
Net cash provided by operating activities				2,255				19,179
Net cash used in investing activities				(891	)			(4,653	)
Net cash provided by financing activities				163				6,287
Effect of exchange rates on cash and cash equivalents				(868	)			(113	)
Net increase in cash and cash equivalents				659				20,700
Cash and cash equivalents at beginning of period				32,865				10,781
Cash and cash equivalents at end of period			$	33,524			$	31,481

COMPUTER TASK GROUP, INCORPORATED (CTG)
Supplemental Financial Information
(Unaudited)

																							Twelve
																							Months
	For the Quarter Ended																						Ended
	Mar.					Jun.					Sept.				Dec.				Mar.				Mar.
	2020					2020					2020				2020				2021				2021
Revenue (in millions)
Revenue	$	86.949				$	89.146				$	88.648			$	101.348			$	97.129			$	376.271
Foreign Currency Impact	$	(1.076	)			$	(0.834	)			$	1.849			$	3.088			$	3.981			$	8.084
Billable Days		62					64					63				67				65				259
Revenue by Geography
North America		57.9	%				55.4	%				54.9	%			55.2	%			51.0	%			54.1	%
Europe		42.1	%				44.6	%				45.1	%			44.8	%			49.0	%			45.9	%
Total		100.0	%				100.0	%				100.0	%			100.0	%			100.0	%			100.0	%
Revenue by Service
Solutions		39.5	%				41.7	%				41.7	%			48.4	%			44.3	%			44.2	%
Staffing		60.5	%				58.3	%				58.3	%			51.6	%			55.7	%			55.8	%
Total		100.0	%				100.0	%				100.0	%			100.0	%			100.0	%			100.0	%
Revenue by Vertical Market
Technology Service Providers		35	%				31	%				33	%			31	%			31	%			32	%
Financial Services		15	%				16	%				16	%			17	%			17	%			16	%
Healthcare		14	%				14	%				14	%			17	%			15	%			15	%
Manufacturing		15	%				14	%				14	%			12	%			12	%			13	%
Energy		6	%				7	%				6	%			5	%			6	%			6	%
General Markets		15	%				18	%				17	%			18	%			19	%			18	%
Total		100	%				100	%				100	%			100	%			100	%			100	%
Gross Profit Margins
Gross Profit		19.6	%				21.0	%				22.1	%			21.3	%			21.4	%			21.4	%
Gross Profit - Solutions		31.3	%				31.4	%				33.2	%			31.5	%			30.1	%			31.5	%
Operating Margins
Operating Margin		2.4	%				2.1	%				2.1	%			3.3	%			2.2	%			2.4	%
Non-GAAP Operating Margin		2.9	%				3.2	%				2.7	%			3.5	%			2.8	%			3.1	%
Net Income Information (in millions except EPS)
Net Income	$	1.144				$	1.759				$	2.831			$	1.905			$	1.508			$	8.003
GAAP Diluted EPS*	$	0.08				$	0.12				$	0.20			$	0.13			$	0.10			$	0.55
Non-GAAP Diluted EPS*	$	0.10				$	0.10				$	0.18			$	0.14			$	0.13			$	0.55
Adjusted EBITDA	$	3.373				$	4.034				$	3.314			$	4.916			$	3.707			$	15.971
*Third quarter of 2020 GAAP and Non-GAAP Diluted EPS includes $0.08 tax benefit from a change in legislation
Balance Sheet Information (in millions except DSO)
Cash less Debt, Net	$	19.5				$	22.3				$	27.4			$	32.9			$	33.5
Working Capital	$	51.4				$	57.0				$	55.9			$	52.0			$	53.3
DSO		71					81					77				73				71

In the 2021 first quarter, the Company made minor modifications to its definition of Solutions business. In order to provide consistent comparisons, Solutions revenue and Solutions gross profit margins presented in this release have been recast using the new definition for all periods presented.

COMPUTER TASK GROUP, INCORPORATED (CTG)
(Unaudited)

The non-GAAP information below excludes gains from non-taxable life insurance and on the sale of a building, costs associated with severance, rebranding costs, and certain acquisition-related expenses. The acquisition-related expenses consist of due diligence costs, amortization of intangible assets, and changes in the value of earn-out payments upon the achievement of certain financial targets from the Company’s recent acquisitions.

Reconciliation of GAAP to non-GAAP Operating Income

																					Twelve Months
	For the Quarter Ended																				Ended
	Mar.				Jun.				Sept.				Dec.				Mar.				Mar.
(in thousands)	2020				2020				2020				2020				2021				2021
GAAP Operating Income	$	2.067			$	1.914			$	1.824			$	3.325			$	2.098			$	9.161
Acquisition-related expenses		0.467				0.372				0.526				0.256				0.395				1.549
Severance		-				0.577				-				-				-				0.577
Rebranding expenses		-				-				-				-				0.249				0.249
Non-GAAP Operating Income	$	2.534			$	2.863			$	2.350			$	3.581			$	2.742			$	11.536

Reconciliation of GAAP to non-GAAP Operating Margin

																					Twelve Months
	For the Quarter Ended																				Ended
	Mar.				Jun.				Sept.				Dec.				Mar.				Mar.
	2020				2020				2020				2020				2021				2021
GAAP Operating Margin		2.4	%			2.1	%			2.1	%			3.3	%			2.2	%			2.4	%
Acquisition-related expenses		0.5	%			0.4	%			0.6	%			0.2	%			0.4	%			0.4	%
Severance		0.0	%			0.7	%			0.0	%			0.0	%			0.0	%			0.2	%
Rebranding expenses		0.0	%			0.0	%			0.0	%			0.0	%			0.2	%			0.1	%
Non-GAAP Operating Margin		2.9	%			3.2	%			2.7	%			3.5	%			2.8	%			3.1	%

Reconciliation of GAAP to non-GAAP Net Income

																					Twelve Months
	For the Quarter Ended																				Ended
	Mar.				Jun.				Sept.				Dec.				Mar.				Mar.
(in thousands)	2020				2020				2020				2020				2021				2021
GAAP Net Income*	$	1.144			$	1.759			$	2.831			$	1.905			$	1.508			$	8.003
Non-taxable life insurance gain		-				(0.389	)			(0.574	)			-				-				(0.963	)
Gain on sale of building		-				(0.464	)			-				-				-				(0.464	)
Acquisition-related expenses		0.285				0.210				0.311				0.139				0.306				0.966
Severance		-				0.325				-				-				-				0.325
Rebranding expenses		-				-				-				-				0.192				0.192
Non-GAAP Net Income*	$	1.429			$	1.441			$	2.568			$	2.044			$	2.006			$	8.059

*GAAP and Non-GAAP Net Income in the 2020 third quarter includes a $1.1 million tax benefit from a change in legislation

COMPUTER TASK GROUP, INCORPORATED (CTG)
(Unaudited)

Reconciliation of GAAP to non-GAAP Diluted Earnings per Share (EPS)

																					Twelve Months
	For the Quarter Ended																				Ended
	Mar.				Jun.				Sept.				Dec.				Mar.				Mar.
	2020				2020				2020				2020				2021				2021
GAAP Diluted EPS**	$	0.08			$	0.12			$	0.20			$	0.13			$	0.10			$	0.55
Non-taxable life insurance gain		-				(0.03	)			(0.04	)			-				-				(0.07	)
Gain on sale of building		-				(0.03	)			-				-				-				(0.03	)
Acquisition-related expenses		0.02				0.02				0.02				0.01				0.02				0.07
Severance		-				0.02				-				-				-				0.02
Rebranding expenses		-				-				-				-				0.01				0.01
Non-GAAP Diluted EPS**	$	0.10			$	0.10			$	0.18			$	0.14			$	0.13			$	0.55

**GAAP and Non-GAAP Diluted EPS in the 2020 third quarter includes a $0.08 tax benefit from a change in legislation

Reconciliation of Net income to Adjusted EBITDA, which includes earnings before interest, taxes, depreciation and amortization, equity-based compensation, severance, rebranding expenses, non-taxable life insurance gains, a gain on a sale of a building, and acquisition-related expenses.

																					Twelve Months
	For the Quarter Ended																				Ended
	Mar.				Jun.				Sept.				Dec.				Mar.				Mar.
(in thousands)	2020				2020				2020				2020				2021				2021
Net income***	$	1.144			$	1.759			$	2.831			$	1.905			$	1.508			$	8.003
Taxes		0.732				1.363				(0.673	)			1.600				0.440				2.730
Interest		0.040				0.064				0.069				0.046				0.018				0.197
Depreciation and amortization		0.816				0.825				0.935				0.733				0.853				3.346
Equity-Based compensation expense		0.512				0.637				0.656				0.678				0.590				2.561
Severance		-				0.577				-				-				-				0.577
Non-taxable life insurance gain		-				(0.389	)			(0.574	)			(0.024	)			-				(0.987	)
Gain on sale of building		-				(0.824	)			-				-				-				(0.824	)
Other		0.129				0.022				0.070				(0.022	)			0.298				0.368
Adjusted EBITDA	$	3.373			$	4.034			$	3.314			$	4.916			$	3.707			$	15.971

*** Net Income in the 2020 third quarter includes a $1.1 million tax benefit from a change in legislation

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