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CIBER says revenue within range

October 14, 2008

CIBER Inc. (NYSE: CBR) said it expects third-quarter revenue of $300 million, in the range of its estimate of $300 million to $310 million. The company said the strength of the U.S. dollar reduced results of foreign operations.

CIBER also said its acquisition of Iteamic Pvt. Ltd., an information technology services firm based in India, and a business in Europe remain pending. CIBER's bank credit agreement requires it to issue shares as consideration for acquisitions, but CIBER reported it doesn't want to issue shares at this time given the turmoil on Wall Street.