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.”