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Ciber revenue up 2%

October 29 2013

Ciber Inc. (NYSE: CBR), a Greenwood, Colo.-based IT information technology staffing and solutions firm, reported revenue rose 1.82 percent to $215.1 million in the third quarter ended Sept. 30. Revenue was flat in constant currency.

Growth was concentrated in Ciber’s international operations. International revenue rose nearly 9 percent year over year to $ 110.9 million; it was up 5 percent in constant currency.

The North American division’s third-quarter revenue fell 4.1 percent from the year-ago quarter to $104.9 million.

I believe the operational disciplines and processes within North America are quite solid,” said Chief Financial Officer Mike Lehman. “The focus is now squarely on investing in and maintaining our core ADM business.”

Ciber’s third-quarter gross margin to 25.1 percent from 25.3 percent in same quarter last year.

The company reported a net loss of $14.5 million compared to a net loss of $9.4 million in the third quarter of last year. The third quarter of 2013 includes restructuring charges of $14 million.

Ciber shares fell in morning trading, and the company had a market cap of $241.1 million, according to Yahoo!

Ciber Inc. (NYSE: CBR)
For the third quarter ended Sept. 30, 2013, compared with the same period in the previous year.
Revenue: $215.1million, +21.8 percent
Net loss: $14.5 million vs. net loss of $9.4 million


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