CIBER announces record results for fiscal year and fourth quarter ended June 30, 1995.

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 16, 1995--CIBER, Inc. (NASDAQ:CIBR) reported record results today for the fiscal year and fourth quarter ended June 30, 1995.

During the fourth quarter of 1995, the Company completed two business combinations accounted for as poolings of interests. Amounts reported for periods prior to the business combinations have been restated to include the pooled businesses.

For the fiscal year, revenues were $109,069,000, a 51% increase over fiscal 1994 revenues of $72,093,000. Net income increased 79% to $3,854,000 from $2,150,000 for fiscal 1994. Net income for fiscal 1995 is net of $1,075,000 pre-tax, $931,000 after tax, one-time merger costs in the last quarter of fiscal 1995; there were no similar costs in fiscal 1994. Merger costs, after tax, were $.12 per share. Pro forma earnings per share for fiscal 1995 were $.55 compared to $.34 for fiscal 1994. Earnings per share calculations have been computed pursuant to the pro forma method to take into account the conversion of one of the pooling acquisitions from a cash basis to an accrual basis for tax purposes, representing a $.04 per share benefit.

For the fourth quarter, revenues reached $30,536,000 compared to $20,943,000 for the final quarter of fiscal 1994, a 46% increase. Fourth quarter 1995 net income of $606,000 compares to $911,000 for the last quarter of fiscal 1994. The current year's pro forma earnings per share for the last quarter was $.12, compared to $.12 for the last quarter of fiscal 1994. The fourth fiscal quarter included the one-time merger costs of $.12 per share.

"One-time merger costs and other related effects from the two acquisitions during the fourth quarter, accounted for as "poolings of interests," created anomalies in reported operating results, including a 63% effective income tax rate for the fourth quarter and 44% for fiscal 1995," said Mac Slingerlend, EVP/CFO. "Pre-tax income, prior to merger costs, in this year's fourth quarter was 88% ahead of fiscal 1994's fourth quarter. However, net income decreased 33% due primarily to merger costs and the income tax expense presentation related to the pooling transactions. Also in fiscal 1995, $422,000, or $.06 per share, was added directly to paid in capital as a result of employees exercising stock options in the Company's 1994 initial public offering; this amount reduced income taxes due for 1995 from $3,076,000 to $2,654,000. Combining the $.55 earnings per share for the year with the $.06 per share added to book value, we achieved an increase in book value of $.61 per share," Mr. Slingerlend continued.

"Anyway we slice fiscal 1995, we reflect upon a banner year," stated Bob Stevenson, CIBER's president/CEO. "Most remarkable was the fourth quarter when we consummated two acquisitions adding eight offices, over $35,000,000 in annualized revenue and a new thrust to CIBER's mission to be our clients' integration implementor of choice. The Business Information Technology, Inc. addition creates a first class opportunity to demonstrate specific value added advantages to our services."

CIBER, Inc. is a leading national provider of computer-related information technology services. Through a nationwide network of branch offices, CIBER's employees help clients design, program, implement and maintain customized and packaged application software systems. CIBER's services are generally provided on-site to large commercial clients who have substantial data processing operations. CIBER also provides project management and outsourcing services. -0-

                                   For the Twelve Months
                                       ended June 30
                              1995                       1994/b

   Revenues              $109,069,000                 $72,093,000
   Pretax Income            6,930,000                   3,369,000
   Net Income               3,854,000                   2,150,000
   E.P.S./a                      $.55                        $.34
   Shares                   7,504,000                   6,247,000

                                      For the Quarter
                                       ended June 30
                              1995                       1994/b

   Revenues               $30,536,000                 $20,943,000
   Pretax Income            1,635,000                   1,444,000
   Net Income                 606,000                     911,000
   E.P.S./a                      $.12                        $.12
   Shares                   7,593,000                   7,355,000

/a  Earnings per share calculations have been computed pursuant to
the pro forma method to take into account the conversion of one of
the pooling acquisitions from a cash basis to an accrual basis for
tax purposes, representing a $.04 per share benefit.

/b  Restated to reflect poolings of interests.

CONTACT: CIBER, Inc., Englewood

Kara Kennedy, 303/220-0100