Ciber News Release (11/06/12)
Ciber Inc. today reported results for the third quarter of 2012. Revenue of $215.8 million decreased 3%, or increased 2% in constant currency, compared with last year’s third quarter. Sequentially from the second quarter of 2012, revenue decreased 2%, or 1% in constant currency. Gross margin for the third quarter was 25.3% compared with 26.3% in last year’s third quarter. Third quarter 2012 operating income from continuing operations of $4.6 million yielded an operating margin of 2.1%. In the third quarter of 2011, operating income and operating margin were $6.0 million and 2.7%, respectively. Net income from continuing operations for the third quarter 2012 was $0.6 million, compared with $1.7 million in last year’s third quarter.
The North American division posted revenue of $109.3 million, which was flat compared with the third quarter 2011 and down 1% sequentially. Operating margin in the North American division was strong at 7.2%.
“Revenue in constant currency was up overall,” says president and chief executive officer Dave Peterschmidt. “We are pleased to see a healthy operating margin in North America, bringing 7.2% to the bottom line, which is the best performance this year.”
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.