ICTG ICT Group, Inc. featured news, full reports, and detailed charts
ICT Group, Inc. (ICTG) Wrap Up:
We are a leading global provider of outsourced customer management and business process outsourcing solutions. Our comprehensive, balanced mix of sales, service, marketing and technology solutions includes: customer care/retention, technical support and customer acquisition, cross-selling/upselling and collections as well as market research, database marketing, data entry/management, e-mail response management, remittance processing and other back-office business processing services. We also offer a comprehensive suite of Customer Relationship Management (CRM) technologies, which are available on a hosted basis, for use by clients at their own in-house facilities, or on a co-sourced basis in conjunction with our fully integrated, Web-enabled operations centers. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001193125-08-058530.html#FIS_BUSINESS"www.ictgroup.com
18,000 Employees
Founded in 1983
ICT Group Inc. (ICTG:NASDAQ)
LAST $16.21 USD
CHANGE TODAY -0.09 -0.55%
VOLUME 117.7K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of ICT Group Inc. (ICTG)
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OPEN
$16.20
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PREVIOUS CLOSE
$16.30
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DAY HIGH
$16.34
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DAY LOW
$16.18
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52 WEEK HIGH
11/3/09 - $16.68
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52 WEEK LOW
11/21/08 - $2.50
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MARKET CAP
260.6M
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AVERAGE VOLUME 3 mo
128.2K
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DILUTED EPS TTM
$-1.25
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SHARES OUTSTANDING
16.1M
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ICTG Does Not Pay Dividends
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P/E TTM
NM
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ICTG Top Compensated Officers
Mr. John Joseph Brennan
Chairman, Chief Executive Officer and Preside...
Age: 54
Total Annual Compensation: $537.5K
Mr. Vincent A. Paccapaniccia
Chief Financial Officer, Executive Vice Presi...
Age: 52
Total Annual Compensation: $290.3K
Mr. John L. Magee
President of North America and Chief Operatin...
Age: 55
Total Annual Compensation: $365.2K
Mr. Guy T. Gray
President of International and Chief Operatin...
Age: 47
Total Annual Compensation: $353.8K
Mr. John D. Campbell
Executive Vice President of Global Sales
Age: 54
Total Annual Compensation: $286.8K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for ICT Group Inc. (ICTG)
ICT Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Announces Asset Impairments for the Third Quarter
10/29/2009
ICT Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $2,078,000 or $0.13 per diluted share on revenue of $102,560,000 against net loss of $546,000 or $0.03 per diluted share on revenue of $108,296,000 in the same period of last year. Operating income was $1,964,000 against operating loss of $1,251,000 in the same period of last year. Income before income tax was $1,940,000 against loss before income tax of $1,203,000 in the same period of last year. Adjusted net income was $3,202,000 or $0.20 per share against adjusted net income of $1,214,000 or $0.08 per share in the same period of last year. Net cash provided by operating activities was $12,447,000 against $18,950,000 in the same period of last year. Purchases of property and equipment were $3,597,000 against $4,989,000 in the same period of last year. Free cash flow was $8,850,000 against $13,961,000 in the same period of last year. For the nine months ended September 30, 2009, the company reported net income of $1,471,000 or $0.09 per diluted share on revenue of $296,968,000 against net loss of $1,914,000 or $0.12 per diluted share on revenue of $326,565,000 in the same period of last year. Operating income was $1,780,000 against operating loss of $3,785,000 in the same period of last year. Income before income tax of $1,713,000 against loss before income tax was $3,548,000 in the same period of last year. Adjusted net income was $4,066,000 or $0.25 per share against adjusted net loss of $524,000 or $0.03 per share in the same period of last year. Net cash provided by operating activities was $28,584,000 against $15,967,000 in the same period of last year. Purchases of property and equipment were $8,669,000 against $17,105,000 in the same period of last year. Free cash flow was $19,915,000 against negative free cash flow of $1,138,000 in the same period of last year. For the quarter ended September 30, 2009, the company reported $583,000 for asset impairments related to Typhoon Ondoy in the Philippines.
ICT Group Inc., Q3 2009 Earnings Call, Oct-29-2009
10/21/2009
ICT Group Inc., Q3 2009 Earnings Call, Oct 29 2009
ICT Group Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).
10/21/2009
ICT Group Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).
ICTG Competitors
| Company | Last | Change |
| APAC Customer Services Inc | $5.52 USD | +0.01 |
| Asset Acceptance Capital Corp | $5.52 USD | +0.17 |
| Encore Capital Group Inc | $16.56 USD | -0.27 |
| Startek Inc | $6.16 USD | +0.16 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ICTG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.7x |
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| Price/Book | 2.0x |
Not meaningful
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.5x |
Not meaningful
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ICTG |
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ICTG transactions
| Type Date |
Target |
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Merger/Acquisition
October 5, 2009 |
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More Recent News About ICT Group, Inc.
More news for ICTG
ICT GROUP INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Principal Office
Item 1.01 Entry into a Material Definitive Agreement. Merger Agreement On October 5, 2009, ICT Group, Inc., a Pennsylvania corporation (the "Company"), Sykes Enterprises, Incorporated, a Florida corporation ("Sykes"), SH Merger Subsidiary I, Inc., a Pennsylvania corporation and a direct wholly-owned subsidiary of Sykes ("Merger Sub"), and SH Merger Subsidiary II, LLC, a Florida limited liability company and a direct wholly-owned subsidiary of Sykes ("Merger Sub II"), entered into a definitive Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement and subject to the conditions set forth therein, Merger Sub will merge with and into the Company with the Company as the surviving corporation (the "Merger"). Immediately after the effective time of the Merger, the Company will merge with and into Merger Sub II with Merger Sub II surviving as a wholly-owned subsidiary of Sykes (the "Second Merger" and, together with the Merger, the "Mergers"). As a result of the Merger, each outstanding share of the Company's common stock, par value $0.01 per share ("Company Common Stock"), will be converted into the right to receive consideration valued at $15.38, subject to adjustment as described below. Such consideration shall be payable (i) in cash, without interest, in the amount of $7.69 per share of Company Common Stock, and (ii) the remainder payable in shares of Sykes common stock, par value $0.01 per share ("Sykes Common Stock"), with the number of shares of Sykes Common Stock to be equal to an exchange ratio determined by the formula set forth below, divided by two. The exchange ratio for calculating the number of shares of Sykes Common Stock to be issued in exchange for each share of Company Common Stock as a result of the Merger, subject to the terms and conditions of the Merger Agreement, shall, subject to adjustment as set forth i...Click here to read the whole Article (external link)
Kendall Law Group Announces Shareholder Investigation into ICT Group Acquisition
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Q3 2009 ICT Group Earnings Release - Time Not Supplied
Earnings Announcements for Thursday, October 29CompanySymbolTimeConferenceCall3PAR Inc.PARAfter Market CloseListenABBABB01:00 am ETABG SUN COL HLDGASC.OLTime Not SuppliedAccuray IncorporatedARAYAfter Market CloseListenACHENG RELAY000922.SZTime Not SuppliedAcme Packet, Inc.APKTAfter Market CloseListenAcme UnitedACU09:00 am ETListenACS, Actividades de Construcción y Servicios, S.A.ACS.MCAfter Market CloseACTELIOSACT.MI10:00 am ETActuate CorporationACTUAfter Market CloseListenAdaptec, Inc.ADPTTime Not SuppliedListenAdolor CorporationADLRTime Not SuppliedListenADVA Optical NetworkingADV.FTime Not SuppliedListenAetna Inc.AETBefore Market OpenListenAGL ResourcesAGLBefore Market OpenListenAgree Realty...Click here to read the whole Article (external link)
ICT Group Inc. Q3 2009 Earnings Call Transcript
ICT Group Inc. (ICTG) Q3 2009 Earnings Call October 29, 2009 10:00 am ET Executives Betsy Brod - MBS Value Partners John Brennan - Chairman and CEO Vincent Paccapaniccia - EVP and CFO Analysts David Koning - Robert W. Baird Bob Evans - Craig-Hallum Howard Smith - First Analysis Presentation Operator Greetings, and welcome to the ICT Group Inc. 2009 third quarter Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions). As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ms. Betsy Brod of MBS Value Partners, Thank you Ms. Brod. You may begin. Betsy Brod Thank you operator, and good morning everyone. Thank you for joining us for today's third quarter conference call with the management of ICT Group. Since we will be discussing certain forward-looking statements during today's conference call that are subject to risks and uncertainties, including those related to ICT Group's future revenues and earnings projections, the company claims protection of the Safe Harbor forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Now I would like to turn the call over to John Brennan, Chairman, Chief Executive Officer and President of ICT Group. John, you may begin. John Brennan Thank you very much Betsy, and with me this morning is Vince Paccapaniccia, our Executive Vice President and Chief Financial Officer of the company. Welcome everyone, and thank you for participating in today’s call. I will review the highlights of ICT Group’s third quarter perf...Click here to read the whole Article (external link)
ICT GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Item 2.02. Results of Operations and Financial Condition. On October 29, 2009, ICT Group, Inc. (the "Company") issued a press release announcing certain financial results for the third quarter ended September 30, 2009. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. The press release includes a reconciliation of income (loss) before income taxes to adjusted net income to eliminate the effect of: asset impairments and merger costs for the three and nine-month periods ended September 30, 2009; restructuring charges for the three and nine-month periods ended September 30, 2009 and the nine-month period ended September 30, 2008; and government grant adjustments for the three and nine-month periods September 30, 2008. Management of the Company believes that the adjustment of net income (loss) and net income (loss) per share to eliminate the effect of asset impairments, merger and restructuring costs and government grant adjustments is useful to investors because it enables them to better assess the performance of the Company's core operations, exclusive of the impact of charges and costs that are not reflective of the Company's day-to-day operations. In addition, management focuses on such adjusted measures for planning purposes. The press release also includes a table breaking out the Company's revenue for the three-month periods ended September 30, 2009, June 30, 2009, and September 30, 2008 into vertical market segments and Core/Non-Core business revenue because management focuses on Core business revenue and vertical market revenue for planning purposes and believes this breakout is useful to investors. This table reflects revenue as reported for these periods and on a constant currency basis (using the foreign currency exchange rates reflected in the Company's revenue for the third quarter of 2009 in recalculating the Company's revenue for the second quarter of 2009 and the third quarter of 2008). The press r...Click here to read the whole Article (external link)
ICT Group Earnings Call scheduled for 10:00 am ET today
Call DetailsICT Group Earnings Conference Call (Q3 2009)Thu, Oct 29, 2009, 10:00 am EasternAbout ICT Group (NasdaqGM:ICTG)ICT Group, Inc. provides outsourced customer management and business process outsourcing (BPO) solutions worldwide. It offers customer care/retention, cross-selling/upselling, technical support, database marketing, data entry/management, voice analytics, scanning and imaging, e-mail response management, remittance processing, collections, and other back-office business processing services. The company also provides a suite of customer relationship management technologies, including interactive voice response and advanced speech recognition, outbound alert notification/messaging, automatic call distribution voice processing, Voice over Internet Protocol, contact management, automated e-mail management and processing, and Web self-help, for the delivery of customer care across various channels. ICT Group primarily serves financial, insurance, IT/communications, healthcare, pharmaceutical, government, energy, and consumer industries. It operates in the United States, Canada, Europe, Australia, Latin America, India, and the Philippines. The company was founded in 1983 and is headquartered in Newtown, Pennsylvania.More Info:Quote |Chart |News |Profile |Reports |Research |SEC |Msgs |In...Click here to read the whole Article (external link)
ICT GROUP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations On October 5, 2009, ICT Group entered into a merger agreement with Sykes Enterprises, Incorporated (Sykes) and two wholly owned subsidiaries of Sykes. Unless stated otherwise, all forward-looking information contained in this report does not take into account or give any effect to the impact of the proposed merger. For additional details regarding the proposed merger, see Note 12 to our consolidated financial statements, "Merger Agreement with Sykes Enterprises," contained in Part I, Item 1, of this report. Overview We are a leading global provider of outsourced customer management and business process outsourcing solutions. Our primary services include: • Customer Care Services (including customer care/retention, and technical support); • Marketing, Technology and Business Process Outsourcing (BPO) Solutions (including database marketing, data entry/management, e-mail response management, remittance processing and other back-office business processing services). We also continue to provide telesales to our clients. However, as part of a realignment of our services we have limited our U.S. and Canadian telesales efforts to accommodate demand from large strategic clients. Also, we have ceased providing our market research service offerings as part of this realignment. We provide our services through operations centers located throughout the world, including the U.S., Ireland, the U.K., Canada, Australia, Mexico, the Philippines, Costa Rica, India and Argentina. As of September 30, 2009, we had 38 operating centers from which we support clients primarily in the financial services, healthcare, telecommunications, information technology, business and consumer services, Government and energy services sectors. Our domestic sales force is organized by specific industry verticals, which enables our sales personnel to develop in-depth ind...Click here to read the whole Article (external link)
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