Ciber Inc. (NYSE: CBR) reported today its fourth-quarter revenue rose 5.8 percent over the 2009 quarter. Revenue for the fourth quarter ended Dec. 31, 2010, was $277.4 million. The increase is the largest the company has seen in eight quarters.

"We are undergoing an important transformation at Ciber," said Dave Peterschmidt, president and CEO. "This past year we set into motion a detailed and focused strategic plan and put in place the operational regimens necessary to achieve sustained and predictable performance and to increase shareholder value. We have entered 2011 with a tighter focus, increased discipline, a more efficient model and we continue to see general economic improvements in many markets."

Ciber posted a net loss of $3.3 million in the fourth quarter, compared with income of $2.5 million a year ago. The company noted $9.9 million in bad debt expense and project write-off charges contributed to the quarter's loss.

The company posted gross margin of 23.4 percent in the 2010 fourth quarter, down from 24.2 percent in the 2009 quarter.

Revenue for full-year 2010 was $1.07 billion, a 3.2 percent increase over 2009. Gross margin was 24.5 percent, down slightly from 25.0 percent posted in 2009.

The company posted a net loss of $77.2 million in 2010, compared with net income of $15.0 million in 2009. The loss is attributable to the $9.9 million in bad debt and project write-offs as well as $118.1 million in goodwill impairment and executive transition charges that were posted in the second quarter. Excluding those charges, the company noted it had net income of $13.7 million.

Ciber Inc. (NYSE: CBR)
For the fourth quarter ended Dec. 31, 2010, compared with the same period in 2009.
Revenue: $277.4 million, +5.8 percent
Net loss: $3.3 million vs. net income of $2.5 million
 
For the full year ended Dec. 31, 2010, compared with the previous year.
Revenue: $1.07 billion, +3.2 percent
Net loss: $77.2 million vs. net income of $15 million