Ciber News Release (08/07/12)
Ciber Inc. today reported results for the second quarter of 2012. Revenue topped $237.0 million, a 2% year-over-year decrease, or a 3% increase in constant currency. Operating income rose to $4.7 million, up 117%, or up 11% excluding last year’s significant items. Excluding significant items, revenue decreased 7% year-over-year, or 2% in constant currency.
President and chief executive officer Dave Peterschmidt said, “We have accomplished a great deal in changing the flight of Ciber during challenging times. In the second quarter we delivered year-over-year operating income growth despite softness in revenue. Our focus on improving the sales engine in North America produced revenue growth sequentially for the second consecutive quarter for this division, we held international revenue flat year-over-year in local currency, and we expanded each segment’s gross margin from first quarter levels.”