Ciber stock news
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Ciber is a multinational IT consulting firm with 5,500 staff in North America, Europe, and Asia/Pacific. Ciber works with businesses to create technology strategies and solutions that add value to their operations. The company was founded in 1974 and is listed on the New York Stock Exchange (CBR).
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The CIBER Stock News module gives you easy access to current market opportunities from CIBER Inc. Determine the investment entry and exit points using historical and current headlines. Many technical investors use CIBER Inc stock news signals to narrow their portfolio asset universe and correctly time the market. Trending Equities is a good place to start. Find out what’s new in the stock market today… CIBER RefreshThe technical, predictive, social, and fundamental indicators that CIBER stock news, warnings, and headlines are typically linked to. It can have an impact on the current distribution of CIBER regular returns, investor perceptions of CIBER Inc’s current stock, as well as the diversification and hedging effects on your existing portfolios.
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Edutainment, Interactive Content, Market Research, Job Quest, Publishing, Internet, Events, Content & Pub Services are some of the services offered by Cyber Media (India) Ltd. IDC India, the region’s leading IT and telecom research firm, and Content Matrix, which offers creative custom media solutions for today’s global marketplace through its operating units (TDA Group, Publication Services, and CyberMedia Services), ranging from global marketing programs and custom publications for enterprises to content management and editorial services.
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President and Chief Executive Officer Michael Boustridge said, “The organization is continuing to execute our plan to bring about the transformation of Ciber.” “We’re concentrating on exiting non-strategic companies, reducing G&A costs, reinitiating sales growth with targeted investment, and generating positive operating cash flow to improve our financial position. Some of the significant steps we’ve taken are already yielding results.”
In the most recent quarter, sales dropped 17 percent to $165.9 million, compared to the same time last year. Its North America segment reported $95.1 million in sales, down 13% from the year-ago second quarter and 5% from the first quarter of this year. As compared to the year-ago second quarter, sales in the International segment fell by 21% to $71.0 million.
With the fall in revenues, the company’s operating losses have been growing in recent years. It had an operating loss of $53.3 million in the second quarter, compared to an adjusted net income of 22 million the previous quarter.