CIBER News Release (02/23/12)
CIBER Inc. today reported results for the fourth quarter of 2011. The company anticipates completing the sale of its federal division in the first quarter of 2012 and therefore the federal division’s results are not included in results from continuing operations. CIBER reported revenue of $238.9 million from continuing operations for the fourth quarter 2011, a 5% decrease from the same period in 2010. Net income was reported at $2.2 million for the quarter, compared with a net loss of $1.6 million for the fourth quarter of 2010. The North American division, 43% of consolidated revenue, saw revenue of $101.8 million, a decline of 12% compared with 2010’s fourth quarter.
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