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Last $3.44 USD
Change Today -0.02 / -0.58%
Volume 6.6K
CBR On Other Exchanges
New York
As of 9:39 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ciber inc (CBR) Snapshot

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52 Week High
06/6/14 - $5.09
52 Week Low
10/28/14 - $2.84
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ciber inc (CBR) Details

Ciber, Inc. operates as an information technology (IT) service company worldwide. It operates through two segments, International and North America. The company’s application development and maintenance services offer analysis, design, development, testing, implementation, and maintenance of its client's business applications. It also operates as an independent software vendor or channel partner for industry leaders; and provides project management, application and technical consulting, database administration, and infrastructure support for project-based or managed-services. The company’s consulting solutions include project strategy and planning, software assessment and selection, implementation and integration, hosting, and change management. In addition, it offers integrated managed services; enterprise application, IT strategy, and business process consultancy services, as well as sells various IT hardware and software products; and staffing services covering software development lifecycle, as well as steady-state operations. The company serves Global 2000 blue-chip companies in industries, such as manufacturing, retail, healthcare and life sciences, communications, energy and utilities, financial services, and the public sector. Ciber, Inc. was founded in 1974 and is headquartered in Greenwood Village, Colorado.

6,500 Employees
Last Reported Date: 02/20/15
Founded in 1974

ciber inc (CBR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.7M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $535.0K
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $406.6K
Compensation as of Fiscal Year 2014.

ciber inc (CBR) Key Developments

Ciber, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

Ciber, Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was $202 million, up 1% in constant currency, down 7% in U.S. dollars versus the year-ago quarter. Revenue declined 4% in constant currency and 8% sequentially in U.S. dollars. Gross margins held essentially flat to 25.6% when compared with the previous and year-ago quarter. Operating margin improved compared to last year when adjusting for currency. Operating income from continuing operations totaled $6 million in the quarter before restructuring and amortization, representing an operating income margin of 3.0%. Before amortization and restructuring charges, net income from continuing operations in the quarter totaled $4.1 million or $0.05 per share, the first quarter EPS, compared to EPS $0.07 per share in the prior quarter, which benefited from lower tax expenses, an EPS of $0.05 a year ago before amortization and restructuring. Operating cash flow used in continuing operations in the quarter ended March 31 was $34 million, consistent with average historic cash flow seasonality. This is caused by seasonal changes in receivables and payables, payout of annual bonuses and restructuring payouts.

Ciber, Inc. Announces Board Appointments

Ciber, Inc. announced the nomination of Mark Lewis as a new independent director for election at the company's 2015 Annual Meeting of Stockholders. Mr. Lewis will be nominated together with incumbent director Richard Coleman as Class III directors. In connection with the nominations, Ciber has reduced the size of the Board of Directors from nine to eight directors. Mr. Lewis brings more than 25 years of software and technology experience to the Ciber Board. He currently serves as Co-Founder, Chairman and Chief Executive Officer of Formation Data Systems, Inc. and a senior advisor to Silver Lake. Mr. Coleman joined the Ciber Board as a new independent director in April 2014 pursuant to a settlement agreement reached between Ciber and Lone Star Value. Mr. Coleman has deep experience serving in senior executive positions and on various public company boards, and possesses extensive expertise in business development and operations. He currently serves as President and Chief Executive Officer of Crossroads Systems Inc. where he also serves as a director.

NCTCOG selects Ciber to provide IT shared services for Infor ERP systems

The North Central Texas Council of Governments, or NCTCOG, has selected Ciber, Inc., to provide IT shared services for Infor ERP systems. As a strategic partner for NCTCOG, Ciber will bring a breadth of services including Infor user help desk support, technical support for networks, application administration and support, license management, and data center and hosting services.


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