CIBER Reports Fourth Quarter and Calendar Year Results; Reorganized to Create Stability and Growth Optimism for 2001.

Business Editors

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Feb. 20, 2001

CIBER, Inc. (NYSE:CBR) today reported results for the December 2000 quarter and calendar year period. Revenues for the December 2000 quarter were $144.6 million, as compared to $153.3 million for the September 2000 quarter. Cash earnings per share (EPS) was $0.09 for the December 2000 quarter, compared to $0.10 for the September 2000 quarter.

Calendar year 2000 results include revenues of $621.5 million, compared to $741.9 million for calendar year 1999. Cash EPS, excluding one-time charges, was $0.46 and $0.96 for calendar year 2000 and 1999, respectively.

"The fourth quarter began fairly benign of adverse conditions. However, it ended with a combination of poor weather in the Northeast, and plant closures and slowdowns at several large client sites facing the effects of a slowing economy, the latter of which carried over into 2001," said Mac Slingerlend, CIBER President and Chief Executive Officer (CEO). "Imploding dot.coms and the so-called `Internet-only e-services vendors' were severe nuisances to the professional IT services sector in 2000; their mutual lack of sustainable business models continues to flush out in early 2001. Our large clients vary between having short-term freezes to early discussions on recommencing needed projects. Unless further economic softening occurs, we believe the combination of improving demand and disappearing pure-e services vendors will create more normalcy than we have seen in two years.

"Our scaling, boutique subsidiaries -- Solution Partners, Neovation and Enspherics -- are all forecasting more revenue in the first quarter of 2001 than the December 2000 quarter. DigiTerra, bolstered by the resurgence of established independent software providers, like PeopleSoft and Oracle, as well as its new 'net solutions' practice, is encouraged to expect slightly higher sequential revenue for the first time in several quarters. Lastly, CIBER's core operations, branches flying the CIBER banner, have been reorganized for 2001. With a new regional vice president lineup and area directors in struggling markets, our emphasis is on national practices and consultant growth and training. Our clients need customer relationship data mining, Internet security and wireless productivity, in addition to robust system integration solutions. CIBER's price/value matrix is a sustainable competitive advantage against the Big Five and pure-e services firms," Slinglerlend continued.

In addition to reorganizing operations for the coming year, CIBER has taken strides to strengthen its executive management team with new leaders, including Stephen Boyd as Chairman/CEO for DigiTerra, Gregory Waldbaum as President/CEO for Neovation, and David Durham as Senior Vice President/Chief Financial Officer for CIBER. "These quality changes illustrate the measures we are taking to rebound quickly, as and when market conditions permit," Slingerlend said.

"Unlike our competitors whose revenues were driven by failing dot.coms and ephemeral rate cards, we currently believe CIBER will have increasing revenues in the quarter ending March 31, 2001, and each of the 2001 quarters thereafter," Slingerlend concluded.

For the March 2001 quarter, revenues are expected to increase to between $146 million and $149 million with Cash EPS of approximately $0.08 to $0.09. For calendar year 2001, revenues are currently forecast to be between $625 million and $640 million with Cash EPS of $0.50 to $0.58 -- an increase of 20 percent to 38 percent from calendar year 2000.

CIBER will hold its earnings conference call at 10:00 a.m. Mountain time today. To participate in the call, dial 952/556-2804 and provide confirmation code 4933460. A replay of the call will be available through Feb. 23 at 703/326-3020 and at www.ciber.com, using confirmation code 4933535.

CIBER, Inc. (NYSE:CBR) is the trusted technology leader transforming businesses to be agile, scalable and connected. Backed by 27 years of information technology consulting, CIBER provides thought leadership in Internet solutions to Global 2000 and rapidly scaling companies and governments through its National Practices. Based in Greenwood Village, Colo., the company's consultants serve client businesses from 35 CIBER, 15 DigiTerra, two Solution Partners, four Neovation and four Enspherics offices in the U.S., Canada and Europe.

                              CIBER, Inc.
            Condensed Consolidated Statements of Operations
                              (Unaudited)

In thousands, except per-share data

                                Three Months             Year
                             Ended December 31,    Ended December 31,
                               2000      1999       2000       1999
                            --------- ---------- ---------- ----------
Consulting services         $136,436   $164,723   $586,481   $698,354
Other revenues                 8,150     10,235     35,053     43,593
                            --------- ---------- ---------- ----------
  Total revenues             144,586    174,958    621,534    741,947
                            --------- ---------- ---------- ----------

Cost of consulting services   94,583    111,252    401,359    458,324
Cost of other revenues         4,059      6,174     20,719     27,194
Selling, general and
 administrative expenses      37,890     40,976    158,553    167,649
Amortization of intangible
 assets                        3,014      3,731     14,032     12,123
Goodwill impairment and other
 charges                         397        --      83,768        --
                            --------- ---------- ---------- ----------
  Operating income (loss)      4,643     12,825    (56,897)    76,657
Other income, net                324         19      1,038      2,818
                            --------- ---------- ---------- ----------
  Income (loss) before
   income taxes                4,967     12,844    (55,859)    79,475
Income tax expense             2,159      5,461     10,916     32,774
                            --------- ---------- ---------- ----------
  Net income (loss)           $2,808     $7,383   $(66,775)   $46,701
                            ========= ========== ========== ==========

Earnings (loss) per share
 -- diluted                    $0.05      $0.13     $(1.15)     $0.80
                            ========= ========== ========== ==========

Cash EPS (1) -- diluted        $0.09      $0.18      $0.42      $0.96
                            ========= ========== ========== ==========

Weighted average shares
 -- diluted                   58,308     58,568     57,900     58,727

(1) Cash EPS is calculated excluding amortization of intangibles, net of tax effects, and excluding the goodwill impairment charge.

For the three months ended December 31, 2000 and 1999, respectively, earnings per share -- basic was $0.05 and $0.13 and weighted average shares -- basic were 57,639 and 57,226. For the years ended December 31, 2000 and 1999, respectively, earnings (loss) per share -- basic was $(1.15) and $0.81 and weighted average shares -- basic were 57,900 and 57,377. For purposes of calculating loss per share -- diluted, weighted average shares -- basic is used to avoid anti-dilution.

"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.