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CTG ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS

 CTG ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS
 BUFFALO, N.Y., Jan. 28 /PRNewswire/ -- Computer Task Group, Incorporated (NYSE: TSK) (CTG), today released its fourth quarter and full year results for the period ended Dec. 31, 1991.
 For the year ended Dec. 31, 1991, revenue increased 17 percent to $285,000,000, a record level, while earnings fell to $890,000, or $0.10 earnings per share for the full year. The major factor in the revenue growth was the effect of a European acquisition completed in the fourth quarter of 1990. While profitable, our European operations did not generate sufficient contribution to exceed the 1991 cost of interest and amortization related to the transaction.
 Operating income was at a record level in the first quarter but declined in the second and third quarter. In the fourth quarter results from operations began to improve; however, due to a combination of external economic pressures and internal business operations, a series of writeoffs and reserves equaling $3.4 million, or $0.21 per share, were taken at year-end including:
 - writing down an equity investment to its estimated
 market value.
 - accruing for staff severance and lease cancellations
 for operations eliminated during a year-end reduction
 program.
 - writing off expenses associated with the initiation
 of new activities in 1991; in addition, reserves
 against fixed-price projects were increased.
 In discussing the results, David N. Campbell, chairman and chief executive officer, stated, "The recessionary environment of 1991 made it difficult for us to accomplish our targeted profitability. We expended several million dollars on new technologies and have effectively added CTG Europe as a major component of our organization. As we enter 1992, our objective is to generate improved financial performance by focusing on our current in-place business. We expect to record our 27th consecutive year of revenue growth with substantial improvements in profitability."
 CTG is an international consulting, systems integration and professional services firm. Founded in 1966, CTG is listed on the New York Stock Exchange and the Amsterdam Stock Exchange under the symbol TSK. CTG serves 85 of the Fortune 100 with a staff of more than 4,000 through a network of 65 locations in seven countries.
 COMPUTER TASK GROUP, INCORPORATED
 Consolidated Statement of Income
 (unaudited, amounts in thousands except per share data)
 For the Three Months For the Year
 Ended December 31, Ended December 31,
 1991 1990 1991 1990
 Revenue $73,606 $69,371 $285,053 $243,859
 Operating Costs &
 Expenses 67,077 61,101 255,980 211,304
 Selling, General & Admin. 8,025 5,178 25,985 21,335
 Operating Income (Loss) (1,496) 3,092 3,088 11,220
 (pct.) (2.0) (4.5) (1.1) (4.6)
Net Interest & Other Income (1,160) (187) (1,526) 1,337
 (Expense)
Income (Loss) Before (2,656) 2,905 1,562 12,557
 Income Taxes (pct.) (3.6) 4.2 0.5 5.1
Provisions (Benefit) For (1,022) 1,286 672 5,336


Income Taxes
Net Income (Loss) $(1,634) $ 1,619 $ 890 $ 7,221
 (pct.) (2.2) 2.3 0.3 3.0
Net Income (Loss) Per $ (0.17) $ 0.18 $ 0.10 $ 0.77
 Share (EPS)
Average Shares Outstanding 9,499 8,980 9,310 9,382
 COMPUTER TASK GROUP, INCORPORATED
 Consolidated Balance Sheet
 December 31, 1991
 (unaudited, amounts in thousands)
 Current Assets: Current Liabilities:
 Cash and Marketable $ 10,645 Short-Term Debt $ 792
 Securities
 Accounts Receivable 53,527 Accounts Payable 5,480
 Other Current Assets 6,252 Other Current Liab. 21,417
 Total Current Assets 70,424 Total Current Liab. 27,689
 Long-Term Debt 13,847
 Deferred Income Taxes 1,963
 Property and Equip., Net 20,781 Other Liabilities 7,368
 Other Assets 46,867 Shareholders' Equity 87,205
 Total Liabilities and
 Total Assets $138,072 Shareholders' Equity $138,072
 -0- 1/28/92
 /CONTACT: Samuel D. Horgan, Vice President-Finance and Chief Financial Officer, 716-887-7310 or Joanne Starr, Manager-Marketing Communications, 716-887-7276, both of Computer Tast Group, Incorporated/
 (TSK) CO: Computer Task Group, Incorporated ST: New York IN: CPR SU: ERN


LC -- CL027 -- 4466 01/28/92 17:44 EST
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Date:Jan 28, 1992
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