Eindhoven, 30 juli 2007 — CIBER (NYSE: CBR), wereldwijd IT-dienstverlener, heeft zijn resultaten voor het tweede kwartaal van boekjaar 2007, dat eindigde op 30 juni 2007, bekend gemaakt.
De omzet in het tweede kwartaal van 2007 bedroeg 266,5 miljoen dollar. Dit is 7 procent meer dan werd behaald in het tweede kwartaal van 2006. De omzet van het afgelopen halfjaar komt daarmee op 525,7 miljoen dollar, een stijging van 7 procent ten opzichte van het eerste halfjaar van 2006.
Het volledige persbericht vindt u hieronder:
CIBER Announces Solid Second Quarter and First Half 2007 Results
Record Revenue and Increased EPS for Both Periods; Outlook Increased
GREENWOOD VILLAGE, Colorado - July 25, 2007 - CIBER, Inc. (NYSE: CBR), today reported results for the second quarter and first half of 2007.
Financial Highlights -
Second Quarter 2007 Results
- Revenue increased to a record $266.5 million, up $16.5 million from $250.0 million in 2006’s June quarter. This represented 7% revenue growth, 4% of which was organic.
- Gross profit margins improved 70 basis points sequentially from 2007’s first quarter to 27.7%.
- Net income of $7.8 million increased 16% from $6.8 million for the second quarter of 2006.
- GAAP EPS of $0.13 per share increased $0.02 per share, or 18%, compared to the June 2006 quarter.
First Half 2007 Results
- Revenue of $525.7 million was $34.0 million higher than a year earlier. This represented a revenue increase of 7%, 4% of which was organic.
- Gross profit margins were 27.4% for the first half of 2007, a 60 basis point increase over the like 2006 period.
- Net income of $14.4 million for the first half of 2007 represented a $3.2 million increase, or 29%, from 2006’s first half.
- GAAP EPS of $0.23 per share was 28% higher than $0.18 per share for the first half of 2006.
Management Comments
“Our second quarter and first half results continue to demonstrate the relevancy of our strategies and the quality of our employee base. Particular strength in our European and US ERP Practices led the current increases, both of which had improvements in gross margins for services and reduced overhead expenses,” said Mac Slingerlend, CIBER’s President and Chief Executive Officer. “Investments in leadership in the second quarter in our US ERP, Federal Government and Indian operations highlighted personnel actions to drive these strategic operations.”
Results By Business Unit
US Commercial Practice
- This Practice, our largest, had a solid second quarter, adding 50 basis points to gross profit margins compared to the year earlier quarter.
- Two outsourcing, re-badging wins in the quarter totaled $13.5 million, continuing the trend of project level engagements and offering flexibility to our clients’ resource solutions.
European Practice
- European operations, our second largest business unit, posted strong organic revenue growth of 19%, and a 36% increase in operating contributions on a year-over-year basis.
- Meaningful contract wins in the quarter included Philips, Adidas, Thalia, Handelsbanken, Random House and others.
State & Local Government Practice
- Gross profit margins decreased 280 basis points compared to a very strong year ago quarter, however, an offsetting improvement in overhead expenses kept the operating contributions even for the quarter and higher for the first six months.
- A multi-year, multi-million dollar win with Nashville Electric was secured and announced in early July.
US ERP Practices (CIBER Enterprise Solutions)
- CES rebounded from 1Q07 with a very solid quarter, aided by strong sales from our hardware reselling Practice and improved implementation services results, as well, the combination of which led to a 270 basis point improvement in Practice gross margins and to operating contributions increasing by a healthy 450 basis points on a year-over-year basis.
- CES and CIBER’s Commercial Practice collaborated on a cross-selling $5 million SAP project win with North Carolina’s State Controller’s Office.
Federal Government Practice
- Federal increased its operating contribution to 10% of revenue for the current quarter, but continued to be challenged by delays and other spending patterns.
- We are encouraged with our reinvigorated internal push to greater prime bidding positioning, recent outsourcing activity, and new leadership in our Civilian Agencies Practice, Rich Jarmusik, in addition to the previously announced new Practice President, Marcia Kim, in April 2007.
Pipeline and Wins
CIBER’s pipeline (excluding Europe) remains strong at $3.1 billion, a $0.1 billion increase from March 2007. Wins for the quarter (including Europe) totaled $250 million, an approximate 1:1 book-to-bill ratio.
Balance Sheet – as of June 30, 2007
- Cash was $22.3 million; bank line of credit borrowings were $9.5 million.
- Shareholder equity increased to $431.8 million.
- DSOs on services were 70 days, a 3 day improvement from the March 2007 quarter.
- CIBER purchased 400,000 shares into treasury during the second quarter, bringing year-to-date purchases to 1.15 million at an average cost of $7.47 per share.
Outlook
For the third quarter ending September 30, 2007, management believes revenue will be $257-262 million and GAAP EPS $0.12-0.13 per share.
For calendar 2007, management is increasing its revenue outlook to $1.035-1.045 billion and GAAP EPS to $0.48-0.51 per share.
Conference Call and Webcast
A webcast to discuss the company’s financial results and outlook will be held at 11:00 a.m. ET on Wednesday, July 25, 2007, and may be heard live by visiting the Investors portion of the company website at
www.ciber.com/cbr/. To participate in the call, dial 1-800-240-7305 within the United States, and 303 262 2211 internationally, using the conference ID number 11092795. A replay of the conference call will be available through August 27, 2007 by dialing 800-405-2236 within the United States, and 303 590 3000 internationally, using the ID number 11092795. The replay will also be available on CIBER’s website.
About CIBER, Inc.
CIBER, Inc. (NYSE: CBR) is a pure-play international system integration consultancy with superior value-priced services for both private and government sector clients. CIBER’s global delivery services are offered 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., the company now serves client businesses from over 60 US offices, 20 European offices and five offices in Asia. Operating in 18 countries, with over 8,000 employees and annual revenue of approximately $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.
www.ciber.com 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. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc.
BERICHT VOOR DE REDACTIE
Over CIBER Nederland
CIBER is een wereldwijde full-service IT-dienstverlener die zich specialiseert in het bouwen, integreren en beheren van kritische bedrijfsoplossingen en -systemen. Onze oplossingen worden zowel in maatwerk- als in pakketvorm geleverd. De diensten worden verleend voor alle technologische platforms, besturingssystemen en bestaande infrastructuren.
CIBER (NYSE: CBR) kijkt terug op dertig jaar internationale ervaring met klanten in zowel de overheid als het bedrijfsleven. Met 9000 medewerkers over de hele wereld genereert CIBER een omzet van ongeveer 1 miljard dollar. In Nederland is CIBER inmiddels meer dan 10 jaar actief met ongeveer 325 medewerkers vanuit de vestigingen Eindhoven, Nieuwegein en Den Bosch.
CIBER Nederland richt zich op de branches (high-tech) industrie, utilities, overheid, groothandel, telecom, media, financiële en zakelijke dienstverlening.
Voor meer informatie over CIBER kunt u contact opnemen met:
Indra Overmars van CIBER Nederland
Tel: +31 (0)40 232 90 90
E-mail:
indra.overmars@ciber.nl Voor verdere persinformatie, kunt u contact opnemen met:
Jelle Zuidema van LEWIS, het IT PR bureau:
Tel: +31 (0)40 235 46 00
Fax: +31 (0)40 235 46 01
E-mail:
jellez@lewispr.com