ciber inc (CBR) Key Developments
Infor and Ciber Expand Partnership to Europe
Feb 17 15
Infor and Ciber announced an expansion of their partnership to include Europe in addition to North America. Building on strong momentum in the U.S. and Canada, the companies will now partner to offer implementation, integration and upgrade services to customers across Europe. By providing resources with insight specific to the region, Infor and Ciber will work together to help customers upgrade their applications to offer the full benefits of the more than $1 billion in R&D investment by Infor since 2011. In Europe, Ciber will work specifically with Infor M3 and the Infor Lawson suite, which includes applications for financial, human resource and supply chain management. With more than 300 joint customers in North America, Ciber has been an Infor Alliance partner since the program's inception and was recently named an Infor Alliance partner of the year. As part of the alliance, Ciber will collaborate with Infor Consulting Services on a joint initiative to upgrade customers to the latest Infor releases for the newest features and functionality. The combined knowledge and expertise of both teams allows companies the opportunity to maximize the potential benefits of deepening their Infor footprint.
Ciber, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 3 15
Ciber, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $219.6 million decreased 1% in U.S. dollars, or increased 3% in constant currency, compared with last year's fourth quarter. Operating income from continuing operations of $7.6 million, before amortization and restructuring charges of $3.6 million, yielded an operating margin of 3.5%, compared to 2.8% in the prior-year fourth quarter. Including amortization and restructuring charges, operating income from continuing operations was $4.0 million. Net income from continuing operations, before amortization and restructuring charges, was $5.6 million, or $0.07 per share. Including amortization and restructuring charges, net income from continuing operations was $3.1 million in the quarter. Last year's fourth quarter net income from continuing operations, before amortization and restructuring charges, was $3.0 million, or $0.04 on a per share basis.
For the full year revenue was $863.6 million decreased 2% in both U.S. dollars and constant currency, compared to 2013. Operating income from continuing operations of $21.6 million, before amortization, restructuring charges of $26.2 million, and management transition costs, yielded an operating margin of 2.5%, compared to 2.3% in 2013. Including amortization, restructuring charges and management transition costs, operating loss from continuing operations was $9.8 million in 2014. Net income from continuing operations in 2014, before amortization, restructuring charges and management transition costs, was $9.1 million, or $0.12 per share. Including amortization, restructuring charges and management transition costs, net loss from continuing operations was $18.8 million for the year. 2013 net income from continuing operations before amortization, restructuring charges and management transition costs was $9.5 million, or $0.13 per share. Cash flow from operating activities (continuing operations) year-to-date through December 31, 2014 was $2.0 million, a decrease of $23.3 million versus the prior year. Capital expenditures totaled $8.2 million for the full year 2014.
Turnpike Commission Sues Ciber Inc. Claiming Software Fraud
Jan 29 15
Turnpike Commission announced that it is suing Ciber Inc. for more than $45 million, alleging the company orchestrated an overbilling scheme to implement a computer software system that doesn't work properly. The lawsuit accuses Ciber of assigning ‘repetitive and useless assignments in an effort to make work’ to increase billing amounts to the turnpike; billing for positions not authorized under contract agreements and for services not delivered; and overcharging for software implementation.
Ciber, Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-20-2015 02:00 PM
Jan 15 15
Ciber, Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-20-2015 02:00 PM. Venue: Club Med, Sandpiper Bay, Florida, United States. Speakers: Michael J. Boustridge, Chief Executive Officer, President and Director.
Ciber, Inc. Introduces New Ciber Access Control Tool
Jan 13 15
Ciber, Inc. has introduced Ciber Access Control, a simplified automation tool designed to reportedly assist small- to mid-size organizations mitigate risk and meet regulatory compliance requirements. Ciber Access Control is a module in the Ciber Compliance Suite for SAP. Aimed at companies transitioning away from cumbersome manual processes, Ciber Access Control conforms to an organization's current risk maturity level and elevates risk management protocols through predefined, best-practice processes. Organizations can choose from multiple approaches for individual rule-set integration and quickly implement the solution with low complexity and low total cost of ownership. Once implemented, Ciber Access Control allows management to view risks via an integrated management dashboard.