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CIBER revenue down 15%

October 27, 2009
Staffing Industry Analysts North American Daily News

CIBER Inc. (NYSE: CBR) reported third-quarter revenue of $256.4 million, down 14.5% from revenue of $300.0 million in the third quarter of 2008.

The Greenwood Village CO-based information technology solutions and staffing company said third-quarter net income fell 51.6% to $3.5 million from $7.2 million in the same period last year.

CIBER said it agreed to settle a lawsuit during the third quarter for $2 million to $2.25 million. The company said it did not admit fault in the settlement.

CIBER Inc. (NYSE: CBR)
For the third quarter ended Sept. 30, 2009, compared with the same period in 2008.
Revenue: $256.4 million, -14.5%
Net income: $3.5 million, -51.6%