Ciber has reported total revenues of $265.4m for the second quarter of 2010, an increase of 2% compared to $260.6m for the same period last year.
Gross margin for the quarter was 25.1%, essentially flat compared to 25.3% in last year’s second quarter and 24.9% in the first quarter of this year.
Ciber has posted an operating loss of $111.2m for the second quarter of 2010, compared to operating income of $7.5m for the same period last year.
The company reported a net lossof $80.8m, or $1.16 per share compared to net income of $4.45m, or $0.07 per share in the year ago quarter.
Peter Cheesbrough, chief financial officer of CIBER, said: "Excluding the significant items, CIBER delivered solid financial performance in the second quarter. We are benefitting from an improving macro environment and our revenue growth was the strongest in the past 6 quarters.
"We continue to focus on gaining operating efficiencies by removing redundant costs in our current model. We have begun moving CIBER towards a more efficient shared-service model and to make improvements, particularly in the US, to our sales, delivery and overhead infrastructures."
Ciber expects revenue for the third quarter of 2010 to be between $264m-$268m and GAAP EPS to be between $0.05 – $0.07.
