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CIBER 2007 revenue rises 8.6% to $1.08 billion

February 13 2008

Information technology services and staffing company CIBER Inc. (NYSE: CBR) posted revenue of more than $1 billion for the first time in full-year 2007.

Revenue rose 8.6% to $1.08 billion in 2007 from $995.6 million in 2006. Net income rose 17.3% to $29.0 million in 2007 from $24.7 million in the previous year. Gross margin edged up to 27.0% from 26.7%.

Fourth-quarter 2007 revenue rose 12.8% to $290.5 million from $257.5 million in the same period in the previous year.

Net income, however, fell 4.2% to $7.1 million in the fourth quarter from $7.5 million in the fourth quarter of 2006. Gross margin slipped to 26.1% from 26.5%.

CIBER Inc. (NYSE: CBR)
For the fourth quarter ended Dec. 31, 2007, compared with the same period in 2006.
Revenue: $290.5 million, +12.8%
Net income: $7.1 million, -4.2%

For the 2007 fiscal year ended Dec. 31, 2007, compared with the previous year.
Revenue: $1.08 billion, +8.6%
Net income: $29.0 million, +17.3%

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