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US – Ciber revenue up 2%, takes $8 million restructuring charge

February 21 2013

Ciber Inc. (NYSE: CBR), a Greenwood, Colo.-based IT staffing and solutions firm, reported fourth-quarter revenue rose 1.9 percent on a year-over-year basis to $225.3 million, and the firm narrowed its fourth-quarter net loss. The company also announced it posted a restructuring charge of $8.0 million.

“The restructuring charges primarily relate to the consolidation of our real estate footprint, as well as organizational changes designed to simplify business processes, move decision-making closer to the marketplace and create operating efficiencies,” according to the company.

Fourth-quarter North America revenue was $107.5 million, up 2.1 percent compared with revenue of $105.3 million in the fourth quarter of last year. International revenue increased 1.2 percent to $118.2 million from $116.7 million in the year-ago quarter.

Gross margin for the company narrowed to 26.1 percent in the fourth quarter from 26.8 percent in last year’s fourth quarter.

Ciber posted a fourth-quarter net loss of $6.2 million compared to a net loss of $16.2 million in the same quarter year prior.

Ciber Inc. (NYSE: CBR)
 For the fourth quarter ended Dec. 31, 2012, compared with the same period in the previous year.
 Revenue: $225.3 million, +1.9 percent
 Net loss: $6.2 million vs. net loss of $16.2 million

For the fiscal year ended Dec. 31, 2012, compared with the previous year.
 Revenue: $884.4 million, -1.8 percent
 Net loss: $14.6 million vs. net loss of $67.3 million

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