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ASGN Incorporated - ASGN STOCK NEWS

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ASGN Incorporated (ASGN) is a leading provider of professional staffing and IT solutions, operating across technology, digital, creative, engineering, and life sciences fields. The company serves both commercial and government sectors within the United States and internationally, offering a wide range of services through its three main segments: Apex, Oxford, and ECS.

The Apex segment specializes in supplying technology, digital, creative, scientific, and engineering professionals for contract, contract-to-hire, and permanent placement roles. Apex primarily caters to Fortune 1000 clients and mid-market companies, providing them with critical talent to drive their business operations.

The Oxford segment focuses on delivering highly specialized technology, digital, engineering, and life sciences staffing and consulting services. Known for its expertise in finding hard-to-reach talent, Oxford operates in various skill and geographic markets, ensuring that clients receive top-notch consultancy and staffing solutions.

The ECS segment is dedicated to providing advanced IT solutions, including cloud services, cybersecurity, artificial intelligence, machine learning, application modernization, and science and engineering. ECS serves both commercial enterprises and government entities, including the Department of Defense, intelligence agencies, and civilian agencies, with a strong focus on mission-critical solutions.

Established in 1985 and originally known as On Assignment, Inc., the company rebranded to ASGN Incorporated in April 2018. Headquartered in the United States, ASGN has built a robust reputation for its comprehensive service offerings and ability to meet the evolving needs of its diverse client base.

Recent Achievements and Projects:

  • Expansion of cloud services and cybersecurity solutions through the ECS segment, serving both commercial and government clients.
  • Strategic partnerships with Fortune 1000 companies to strengthen their digital and technological capabilities.
  • Recognition in the industry for providing innovative staffing solutions that address gaps in the technology and life sciences sectors.

With a strong financial foundation and a commitment to delivering high-quality services, ASGN Incorporated continues to position itself as a key player in the professional staffing and IT solutions industry, maintaining a focus on growth and innovation to meet the demands of an ever-changing market.

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ECS's Adam Tischler named 2023 Certified Professional of the Year by Elastic for his expertise with the Elasticsearch platform and contributions to the Elastic community.
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ECS, a leader in advanced technology solutions, secures a $120 million contract with HHS through Iron Vine Security, an ASGN subsidiary, to provide cybersecurity services for CMS. The contract extends until 2029, reinforcing ECS's role in protecting healthcare data.
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ECS, a leader in advanced technology solutions, secures a $500M contract to provide advisory and assistance services for biomedical and health research. The five-year IDIQ contract positions ECS as a prime contractor, enhancing their presence in the healthcare sector.
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ECS, an ASGN brand, secures a $190 million contract to enhance AI capabilities for the Department of Defense, aiding in key AI research and development for DoD services and combatant commands.
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ECS, an ASGN brand, celebrates President Heneghan's third consecutive recognition as 'executive of consequence'.
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ASGN Incorporated (NYSE: ASGN) reported strong financial results for the quarter and year ended December 31, 2023, with revenues of $1.1 billion for the quarter and $4.5 billion for the full year. Adjusted EBITDA margin was 11.3 percent for the quarter and 11.6 percent for the full year. The company repurchased approximately 0.9 million shares of its common stock for $75.4 million in the quarter, and 3.4 million shares for $273.1 million for the full year. ASGN's commercial consulting revenues surpassed $1.0 billion, and the Federal Government Segment reported new contract awards of $1.0 billion. The company achieved solid results for the quarter, with revenues, gross margin, and Adjusted EBITDA margin at the top-end, or above, their guidance ranges.
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ASGN Incorporated (NYSE: ASGN) is set to release its fourth quarter and full year 2023 financial results on February 7, 2024. The company's CEO, Ted Hanson, will host the regular quarterly conference call at 4:30 p.m. ET. The prepared remarks will be posted on the company's website prior to the call. Investors can access the webcast and dial-in for the conference call and replay for further information.
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Apex Systems, a technology services firm and ASGN brand (NYSE: ASGN), is collaborating with Salesforce to implement Einstein, Salesforce’s AI technology. Salesforce’s generative AI capabilities have provided Apex with numerous benefits, including analyzing data for better solutioning, automating processes to improve productivity, and building personalized, data-driven marketing campaigns to increase speed to sale. This collaboration is a great catalyst for IT industry advancement.
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ASGN Incorporated (NYSE: ASGN) collaborates with Microsoft to invest in and pilot NextGen AI technologies, including Copilot for Microsoft 365 and Azure OpenAI Service, to enhance strategic IT roadmaps. The collaboration accelerates ASGN’s internal AI roadmap creation and supports internal team efficiencies.
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ASGN (NYSE: ASGN) - ECS to Support VA's Digital Transformation with $60.7B Contract - ECS, a leader in advanced technology, science, and engineering solutions, has been named a prime contractor on a 10-year, $60.7 billion IDIQ contract from the Department of Veterans Affairs (VA) Office of Information and Technology. The contract, known as T4NG2, will provide IT and engineering services to support VA's critical technology infrastructure. ECS will offer a full range of IT services, including cloud, cybersecurity, AI, data, and enterprise transformation solutions.
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FAQ

What is the current stock price of ASGN Incorporated (ASGN)?

The current stock price of ASGN Incorporated (ASGN) is $83.87 as of December 20, 2024.

What is the market cap of ASGN Incorporated (ASGN)?

The market cap of ASGN Incorporated (ASGN) is approximately 3.8B.

What does ASGN Incorporated do?

ASGN Incorporated provides professional staffing and IT solutions in technology, digital, creative, engineering, and life sciences fields for commercial and government sectors.

What are the main segments of ASGN Incorporated?

ASGN Incorporated operates through three main segments: Apex, Oxford, and ECS.

What services does the Apex segment offer?

The Apex segment supplies technology, digital, creative, scientific, and engineering professionals for contract, contract-to-hire, and permanent placement roles, primarily for Fortune 1000 and mid-market clients.

What is the focus of the Oxford segment?

The Oxford segment delivers specialized technology, digital, engineering, and life sciences staffing and consulting services in various skill and geographic markets.

What advanced solutions does the ECS segment provide?

The ECS segment offers advanced IT solutions such as cloud services, cybersecurity, artificial intelligence, machine learning, application modernization, and science and engineering.

When was ASGN Incorporated founded?

ASGN Incorporated was founded in 1985.

What was the former name of ASGN Incorporated?

The former name of ASGN Incorporated was On Assignment, Inc. The name changed to ASGN Incorporated in April 2018.

Who are the primary clients of ASGN Incorporated?

ASGN Incorporated serves a diverse client base, including Fortune 1000 companies, mid-market companies, the Department of Defense, intelligence agencies, and civilian agencies.

Where is ASGN Incorporated headquartered?

ASGN Incorporated is headquartered in the United States.

What recent achievements has ASGN Incorporated made?

Recent achievements include expanding cloud services and cybersecurity solutions, strategic partnerships with Fortune 1000 companies, and industry recognition for innovative staffing solutions.

ASGN Incorporated

NYSE:ASGN

ASGN Rankings

ASGN Stock Data

3.76B
42.73M
3.33%
100.44%
3.85%
Information Technology Services
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United States of America
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