Fourth-quarter revenue fell 14.3% to $84.2 million at Computer Task Group Inc. (NASD: CTG). Revenue at the Buffalo, NY-based IT staffing provider primarily reflects reduction in staffing headcount on both a sequential and year-over-year basis. Negative currency translation reduced revenue in the fourth quarter by $2.3 million.

IT staffing revenue rose 9.8% while IT solutions revenue fell 22.7%.

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Fiscal 2015 was the beginning of a transition for CTG,” said CEO Cliff Bleustein. “We started to reposition our business units, restructured our balance sheet, executed on our market initiatives and formalized a strategy that establishes a clear path to growth. As expected, we closed the year facing a number of headwinds, including macroeconomic driven headcount reductions at our two largest staffing customers and the continued trail-off of legacy EMR implementations. However, significantly lower medical costs, a favorable tax rate, and a non-taxable gain on life insurance of $0.02 per share drove above-guidance fourth quarter net income of $0.16 per share.”

“We are refocusing our resources in line with our strategic plan, making investments in four key areas: staffing, healthcare, Europe, and diversified industrials,” Bleustein said. “We believe market trends and our unique heritage in both staffing and IT solutions have positioned CTG to provide significant value to customers in each of these vertical markets.”

Revenue by segment and geography

Full-year results

<Header>Guidance

CTG expects first-quarter revenue to range between $86 million and $88 million, and full-year 2015 revenue to range between $340 million and $360S million.