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Ciber revenue falls 1%

April 29 2014

Ciber Inc. (NYSE: CBR), a Greenwood, Colo.-based information technology staffing and solutions firm, reported first-quarter revenue fell 0.7 percent to $218.0 million. However, gross margin for the first quarter edged up to 25.9 percent from 25.2 percent in the year-ago quarter.

First-quarter North America revenue fell 3.4 percent from the year-ago quarter to $103.5 million. International revenue rose 2.0 percent to $115.0 million; it was up 1 percent in constant currency.

“We made visible progress in a number of areas of the business in the first quarter, and we see opportunities to continue to leverage this momentum through 2014,” said CFO Christian Mezger. “Our restructuring initiatives are beginning to deliver the benefits we set out to achieve.”

Net income from continuing operations was $4.1 million, up from $1.4 million in the first quarter of the previous year. The year-ago quarter included a restructuring charge of $349,000.

Shares in Ciber were unchanged in late morning trading, and the company had a market cap of $340.0 million, according to Google.

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