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Tuesday July 13, 6:44 pm Eastern Time
Company Press Release
CIBER Holds Analysts Day: CEO Overview
New COO On E-Business Focus
CFO Comments On Expected Financial Results
ENGLEWOOD, Colo.--(BUSINESS WIRE)--July 13, 1999--CIBER, Inc., (''CIBER'') (NYSE: CBR - news) celebrating
its 25th anniversary, today held its first ever Analysts Day.
Mac Slingerlend, CEO, Paul Rudolph, new COO, and Rich Montoni, CFO, led the CIBER presentations.
''In the last five years, CIBER has grown from a $50 million professional services / staffing company to an $800 million
multi-dimensional systems integrator that is perched to become the next global systems integrator. Our broad, corporate-wide
capabilities, combined with our E-Business-driven strategy, make CIBER a compelling choice for industry leadership as we
turn the millennium. There can be no question that CIBER will emerge from 1999, a transformational year in our sector, both
stronger and well-positioned for global leadership status,'' stated Mr. Slingerlend.
Paul Rudolph, who started on July 1, 1999, previously President of EDS' E-Business Unit, commented on CIBER's initiatives
to become E-Business focused: ''CIBER already has market share, great people and great long-term client relationships. We
will scale these relationships, create mind share from our new branding efforts and truly help our clients become winners in an
E-Business-driven world. Initiatives will include large account sales, global growth and CIBER branding, all from the
perspective of E-Business centric execution. CIBER's leadership is committed to E-Business. I am thrilled to be a part of the
CIBER team.''
Mr. Rudolph continued, ''These are opportunistic times. As an industry we are faced with the ramifications of the wrap-up of
perhaps the largest IT initiative in our industry's history; that being Y2K. This period will be followed by what we believe will be
a 'revolution' with even greater opportunity; that being E-Business. CIBER's focus is to position itself to be a global leader for
years to come.''
CIBER's Chief Financial Officer, Richard Montoni, spoke on the financial aspects of CIBER's strategy, ''We are still in the
process of completing our close for the June 1999 quarter and expect to announce these results on August 18, 1999. At this
time however, we see revenues for the June 1999 quarter at $195 million, which is comparable to the analysts' consensus and
reflective of a 28% increase in service revenues over the June 1998 quarter. We believe Cash EPS will be $.28 per share.
Traditional EPS will be impacted by approximately 2 cents per share by the additional goodwill amortization resulting from the
accounting for certain business combinations as purchases vs. poolings, triggered by our recently announced stock re-purchase
program. We are very pleased with these results, especially given the environment where several competitors are
pre-announcing shortfalls.''
''We see the remainder of calendar 1999 as predominantly a confirmation of the transition period we are now in, followed by
increased activity throughout calendar 2000. As a result, we believe that CIBER's calendar 2000 revenues, assuming no
acquisitions, will be in the range of $950 million to $1 billion. And we see calendar 2000 Cash EPS increasing substantially to
be in the range of $1.35 to $1.45 per share. Amortization per share will be $.15 to $.20 per share,'' Mr. Montoni concluded.
CIBER is recognized for providing innovative management consulting and IT solutions to clients, and for partnering with them to
leverage technology in today's E-Business-driven marketplace. Through a powerful mix of people, processes and the
appropriate application of technology, CIBER delivers E-Business solutions to help organizations gain knowledge from the
market, create value for their clients, reduce time and cost across the supply chain and drive global competitive advantage.
''Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements involve risks
and uncertainties that could cause actual results to vary materially from such statements. Please refer to discussions of certain of
these risks and uncertainties in the Company's Annual Reports, 10-Ks, 10-Qs and other Securities and Exchange Commission
filings.
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