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Ciber Revenue Falls 2%

August 07 2012

Ciber Inc. (NYSE: CBR), a Greenwood, Colo.-based provider of information technology solutions and staffing, reported second-quarter revenue fell 1.7 percent to $236.9 million from $240.9 million in the year-ago quarter.

The company sold its federal division in March. Additionally, after selling certain assets, Ciber combined the operations of its IT outsourcing division with the international and North America divisions.

Ciber’s second-quarter North America revenue rose 8.5 percent on a year-over-year basis to $123.8 million. However, international revenue fell 9.5 percent to $114.8 million in the second quarter.

Second-quarter gross margin rose to 25.5 percent from 20.6 percent in the same period last year.

Ciber posted net income from continuing operations of $268,000, compared with a net income of $58,973 in the year-ago quarter. Including discontinued operations, the company posted a net loss of $81,000 in the quarter, compared with a loss of $58.4 million a year ago.

In the second quarter, the company incurred five charges which totaled $58.3 million after-tax.

Ciber Inc. (NYSE: CBR)
For the second quarter ended June 30, 2012, compared with the same period in the previous year.
Revenue: $236.9 million, -1.7 percent
Net income (from continuing operations): $268,000 vs. net loss of $58,973
Net loss: $81,000, compared with $58.4 million

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