CIBER Announces Preliminary 2007 Results
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Sets Call Date For Final Results
GREENWOOD VILLAGE, Colo., Jan. 22 /PRNewswire-FirstCall/ -- CIBER, Inc.
(NYSE: CBR) today announced preliminary results for the fourth quarter and all
of 2007, subject to year-end audit adjustments, if any.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO )
Revenue for the fourth quarter was approximately $290 million, well above
management's guidance number, in part because of organic growth in Europe and
the weak U.S. dollar. For the year, revenue will be approximately
$1.08 billion, again well above earlier guidance.
The company believes that GAAP EPS for the fourth quarter of 2007 will be
approximately $0.12 per share and fiscal year GAAP EPS will be approximately
$0.47 per share.
"We are very encouraged to have the highest revenue growth, both total and
organic, since the late 1990's. However, the lowest fourth quarter
commissions on product revenues in several years and heavy time-off during the
holidays combined leave us approximately $0.01 per share GAAP EPS less than we
had expected for the quarter," said Mac Slingerlend, CIBER's President and
Chief Executive Officer.
The Company plans to announce 2007 results on February 13, 2008, at which
time it will comment further on the quarter and provide guidance for 1Q08 and
fiscal 2008. Details of the call will be announced shortly.
About CIBER, Inc.
CIBER, Inc. (NYSE: CBR) is a pure-play international system integration
consultancy with superior value-priced services and reliable delivery for both
private and government sector clients. CIBER's services are offered globally
on a project- or strategic-staffing basis, in both custom and enterprise
resource planning (ERP) package environments, and across all technology
platforms, operating systems and infrastructures. Founded in 1974 and
headquartered in Greenwood Village, Colo., CIBER now serves client businesses
from over 60 U.S. offices, 25 European offices and seven offices in
Asia/Pacific. Operating in 18 countries, with more than 8,000 employees and
annual revenue over $1 billion, CIBER and its IT specialists continuously
build and upgrade clients' systems to "competitive advantage status." CIBER
is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER,
ALWAYS ABLE. http://www.ciber.com. CIBER and the CIBER logo are trademarks or
registered trademarks of CIBER, Inc. Copyright(C) 2008.
Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially, as discussed in
the company's filings with the Securities and Exchange Commission. CIBER
undertakes neither intention nor obligation to publicly update or revise any
forward-looking statements.
SOURCE CIBER, Inc.
Jennifer Matuschek, VP/Investor Relations, jmatuschek@ciber.com, or Diane
Stoner, Media Relations, dstoner@ciber.com, both of CIBER, Inc.,
+1-303-220-0100
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