Revenue rose 21.9% at US-based IT staffing and solutions provider CTG (NASD: CTG). A combination of factors drove the increase: organic growth in both solutions and staffing in North America and Europe, as well as the revenue from Paris-based Soft Co., which the company acquired in February.

The Buffalo, NY-based firm also noted the ramp-up of its health solutions business — CTG secured three new health solutions clients, and either expanded or extended contracts with 10 existing healthcare clients.

Revenue growth in Europe outpaced that of North America with Europe revenue up 55.6% compared to 9.5% in North America. Within Europe, the company operates out of five offices in Belgium, Luxemburg, France and the UK.

“Third-quarter revenue grew nearly 22% year-over-year to $90.3 million, which was above the high-end of our $86 to $90 million guidance range due to the ramp-up of our Health Solutions business with multiple new clients, and continued growth in our European operations,” President and CEO Bud Crumlish said in a statement.

Revenue by segment and geography was as follows.

CTG forecast fourth-quarter revenue of between $89 million and $94 million, a year-over-year increase of between 19% and 26%.

It also increased its forecast for full-year revenue to $355 million to $360 million, up from its prior forecast of $350 million to $360 million.

CTG set a new 52-week low during Thursday's trading session when it reached $4.87. Over this period, the share price is down 8.04%. Shares closed at $4.92, down 7.87% on the day. Based on its current share price the company has a market value of $71.20 million.