Eindhoven, 6 november 2007 — CIBER (NYSE: CBR), wereldwijd IT-dienstverlener, heeft zijn resultaten voor het derde kwartaal van boekjaar 2007, dat eindigde op 30 september 2007, bekend gemaakt.
De omzet in het derde kwartaal van 2007 bedroeg 265,7 miljoen dollar. Dit is 8 procent meer dan in het derde kwartaal van 2006 werd behaald. De omzet van de afgelopen negen maanden komt daarmee op 791,5 miljoen dollar, een stijging van 7 procent ten opzichte van dezelfde periode in 2006.
Het volledige persbericht vindt u hieronder:
CIBER reports 2007 third quarter and nine months Results
EPS Increased 20% Over Year Ago Quarter, Fiscal Outlook Updated
GREENWOOD VILLAGE, Colorado – CIBER, Inc. (NYSE: CBR), today reported results for the third quarter and nine months ended September 30, 2007.
Financial Highlights -
Third Quarter
- Revenue was $265.7 million, an increase of $19.1 million, or 8% (5% organic) as compared to 2006’s third quarter.
- Gross profit margins were 27.4%, a 70 basis point improvement from the year earlier quarter.
- Net income of $7.5 million represented a $1.4 million (23%) improvement year-over-year.
- GAAP EPS of $0.12 per share was a 20% improvement from $0.10 per share in 2006.
Nine Months Results
- Revenue of $791.5 million was a $53.1 million improvement to the like 2006 period, an increase of 7%, 4% of which was organic.
- Gross profit margins were 27.4%, a 60 basis point increase year-over-year.
- Net income was $21.9 million, a $4.6 million (27%) increase as compared to the year earlier period.
- GAAP EPS was $0.35 per share, a 25% improvement from $0.28 per share for the first nine months of 2006.
Management Comments
“Our third quarter results overall exceeded our revenue expectations and were in line with our earnings expectations at quarter’s outset. We are pleased to report another strong year-over-year performance,” said Mac Slingerlend, CIBER’s President and Chief Executive Officer. “Once again, strong European contributions led the third quarter improvements, but solid results from our US ERP services business unit also contributed to this current success.”
Business Unit Comments
US Commercial Practice
- Revenue increased approximately 2% and operating income increased 13% year-over-year for the third quarter.
- New operational leadership was appointed on October 1st with a focus on greater growth. Messrs. Hadzi and Mancuso were promoted and will split responsibilities for this largest operating group. Tony Phillips, a 16-year CIBER veteran, was also added as a Regional Vice President earlier this month.
European Practice
- A very solid summer revenue quarter (up 19% organically) was led by improved results in several countries, including Germany, Sweden, Norway, the UK, the Netherlands and Australia/New Zealand.
- Operating margins continue to improve and were up significantly to 6.7% for the quarter.
State & Local Government Practice
- At quarter’s end a $10 million child welfare system was awarded in Nevada.
- We are making progress with the City of New Orleans and FEMA on collecting aged receivables; our relationship with this client remains very good.
Federal Government Practice
- The Federal spending environment remains challenged, but we are very encouraged with our new business initiatives; we continue to focus particularly on bidding vehicles for 2007.
- Billable headcounts were stable in the third quarter.
CIBER Enterprise Solutions (US ERP Practices)
- On September 4th, we acquired Metamor Enterprise Solutions LLC, an SAP consultancy, to enhance our US SAP business model and assist with increasing demand.
- Year-over-year operating margins for the quarter improved greatly in this Practice, while simultaneously growing revenue 5% organically, despite a seasonally slow and product migration challenged hardware reselling period.
Pipeline and Wins
CIBER’s US pipeline (excluding Europe) at September 30, 2007 was $3.0 billion, flat with the June 30, 2007 number. Wins for the seasonally slow third quarter (including Europe) were approximately $250 million, approximately a 1:1 book-to-bill ratio.
Balance Sheet – as of September 30, 2007
- Cash was $32.0 million; bank line of credit borrowings were $19.1 million.
- Shareholder equity increased to $445.4 million.
- DSOs on services were 74 days, a 3 day sequential seasonal increase.
- CIBER purchased 425,000 shares in treasury during the third quarter, at an average of $7.66 per share, bringing year-to-date purchase to 1.575 million shares at an average cost of $7.52 per share.
Outlook
The company currently anticipates, for the fourth quarter of 2007, revenue will be $262-268 million and GAAP EPS will be $0.13-0.15 per share.
Accordingly, CIBER is raising its 2007 fiscal year revenue outlook to $1.054-1.060 billion and updating its GAAP EPS outlook to $0.48-0.50 per share.
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. Copyright© 2007.
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 375 medewerkers vanuit de vestigingen Eindhoven, Nieuwegein en Den Bosch.
CIBER Nederland richt zich op de branches (high-tech) industrie, utilities, overheid, 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