8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 24, 2007

CIBER, INC.

(Exact name of registrant as specified in its charter)

Delaware	0-23488	38-2046833
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
5251 DTC Parkway, Suite 1400, Greenwood Village, Colorado (Address of principal executive offices)		80111 (Zip Code)

Registrant’s telephone number, including area code:  (303) 220-0100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

INFORMATION TO BE INCLUDED IN THE REPORT

Item 2.02. Results of Operations and Financial Condition.

On October 24, 2007, CIBER, Inc. (the “Company” or “we”) issued a press release in which we announced our financial results for the three months ended September 30, 2007, and updated our guidance for the 2007 fiscal year.  The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The Company reports its financial results in accordance with generally accepted accounting principles (“GAAP”).  However, management believes that certain non-GAAP financial measures used in managing the Company’s business may provide users of this financial information with additional meaningful comparisons between current results and prior reported results.  Certain of the information set forth in the attached press release constitutes non-GAAP financial measures within the meaning of Regulation G adopted by the Securities and Exchange Commission.  We have presented below a reconciliation of these measures to the most directly comparable GAAP financial measure.  The presentation of this additional information is not meant to be considered in isolation or as a substitute for comparable amounts determined in accordance with GAAP in the United States.

These non-GAAP financial measures are discussed below.

1.Organic Revenue Growth — Organic revenue growth is measured as GAAP reported revenue growth adjusted for acquisitions and divestitures, the impact of foreign currency, and other changes that do not reflect the underlying results and trends.

Organic revenue growth is a useful measure of the Company’s performance because it excludes items that: 1) are not completely under management’s control, such as the impact of foreign currency exchange; or 2) do not reflect the underlying growth of the Company, such as acquisition and divestiture activity.  The limitation of this measure is that it excludes items that have an impact on the Company’s revenue.  This limitation is best addressed by using organic revenue growth in combination with the GAAP numbers.

The following tables reconcile organic revenue growth for the three and nine month periods ended September 30, 2007, to the most comparable GAAP measure, reported revenue growth.

Reconciliation of GAAP Reported Revenue Growth to Organic Revenue Growth (Non-GAAP)

(Dollars in millions)	U.S. ERP Solutions							European Operations(1)							CIBER Consolidated
	Q3 2006		Q3 2007			% Change		Q3 2006		Q3 2007			% Change		Q3 2006		Q3 2007			% Change
GAAP total revenue	$	28.6	$	31.0		8.4	%	$	59.3	$	76.3		28.7	%	$	246.6	$	265.7		7.8	%
Less: Effect of foreign currency translation	—		—					—		(6.0		)			—		(6.0		)
Less: Divestiture activity	—		—					—		—					—		—
Less: Acquisition activity	—		(1.0		)			—		—					—		(1.0		)
Organic total revenue	$	28.6	$	30.0		4.9	%	$	59.3	$	70.3		18.6	%	$	246.6	$	258.7		4.9	%

(1) Presented net of intersegment eliminations.

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Reconciliation of GAAP Reported Revenue Growth to Organic Revenue Growth (Non-GAAP)

(Dollars in millions)	U.S. ERP Solutions							European Operations(1)							CIBER Consolidated
	YTD 2006		YTD 2007			% Change		YTD 2006		YTD 2007			% Change		YTD 2006		YTD 2007			% Change
GAAP total revenue	$	87.5	$	89.6		2.4	%	$	173.0	$	223.4		29.1	%	$	738.3	$	791.5		7.2	%
Less: Effect of foreign currency translation	—		—					—		(18.5		)			—		(18.5		)
Less: Divestiture activity	—		—					—		—					—		—
Less: Acquisition activity	—		(1.0		)			—		(1.5		)			—		(2.5		)
Organic total revenue	$	87.5	$	88.6		1.2	%	$	173.0	$	203.4		17.6	%	$	738.3	$	770.5		4.4	%

(1) Presented net of intersegment eliminations.

Item 5.02(c).  Appointment of Certain Officers.

On October 24, 2007, CIBER, Inc. (the “Company”) issued a press release announcing that Peter Cheesbrough has been hired as its new Executive Vice President and Chief Financial Officer, effective October 31, 2007. He will also continue as a director of the Company. The details of Mr. Cheesbrough’s employment agreement with the Company will be filed in an amended Form 8-K once they are finalized.  Other information required for this Item 5.02(c). Form 8-K filing regarding Mr. Cheesbrough’s appointment are included in the press release, which is furnished as Exhibit 99.2 to this Current Report on Form 8-K and in the Company's 2007 Definitive Proxy Statement filed with the Securities and Exchange Commission on April 2, 2007.

Item 9.01(d).  Exhibits.

99.1Third quarter 2007 earnings press release dated October 24, 2007.

99.2Peter Cheesbrough press release dated October 24, 2007.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CIBER, Inc.
Date: October 24, 2007	By:	/s/ Christopher L. Loffredo
		Christopher L. Loffredo
		Vice President and Chief Accounting Officer

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EX-99.1

Exhibit 99.1

CIBER, Inc.

5251 DTC Parkway, Suite 1400

Greenwood Village, CO  80111

www.ciber.com

For Immediate Release	Contacts:	Jennifer Matuschek	Diane Stoner
		VP/Investor Relations	Media Relations
		303-220-0100	303-220-0100
		jmatuschek@ciber.com	dstoner@ciber.com

CIBER REPORTS 2007 THIRD QUARTER AND NINE MONTHS RESULTS

EPS Increased 20% Over Year Ago Quarter, Fiscal Outlook Updated

GREENWOOD VILLAGE, Colorado — October 24, 2007 — CIBER, Inc. (NYSE: CBR), today reported results for the third quarter and nine months ended September 30, 2007.

Financial Highlights -

Third Quarter

•Revenue was $265.7 million, an increase of $19.1 million, or 8% (5% organic) as compared to 2006’s third quarter.

•Gross profit margins were 27.4%, a 70 basis point improvement from the year earlier quarter.

•Net income of $7.5 million represented a $1.4 million (23%) improvement year-over-year.

•GAAP EPS of $0.12 per share was a 20% improvement from $0.10 per share in 2006.

Nine Months Results

•Revenue of $791.5 million was a $53.1 million improvement to the like 2006 period, an increase of 7%, 4% of which was organic.

•Gross profit margins were 27.4%, a 60 basis point increase year-over-year.   

•Net income was $21.9 million, a $4.6 million (27%) increase as compared to the year earlier period.

•GAAP EPS was $0.35 per share, a 25% improvement from $0.28 per share for the first nine months of 2006.

Management Comments

                “Our third quarter results overall exceeded our revenue expectations and were in line with our earnings expectations at quarter’s outset.  We are pleased to report another strong year-over-year performance,” said Mac Slingerlend, CIBER’s President and Chief Executive Officer.  “Once again, strong European contributions led the third quarter improvements, but solid results from our US ERP services business unit also contributed to this current success.”

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Business Unit Comments

US Commercial Practice

•Revenue increased approximately 2% and operating income increased 13% year-over-year for the third quarter.

•New operational leadership was appointed on October 1^st with a focus on greater growth.  Messrs. Hadzi and Mancuso were promoted and will split responsibilities for this largest operating group.  Tony Phillips, a 16-year CIBER veteran, was also added as a Regional Vice President earlier this month.

European Practice

•A very solid summer revenue quarter (up 19% organically) was led by improved results in several countries, including Germany, Sweden, Norway, the UK, the Netherlands and Australia/New Zealand.

•Operating margins continue to improve and were up significantly to 6.7% for the quarter.

State & Local Government Practice

•At quarter’s end a $10 million child welfare system was awarded in Nevada.

•We are making progress with the City of New Orleans and FEMA on collecting aged receivables; our relationship with this client remains very good.

Federal Government Practice

•The Federal spending environment remains challenged, but we are very encouraged with our new business initiatives; we continue to focus particularly on bidding vehicles for 2007.

•Billable headcounts were stable in the third quarter.

CIBER Enterprise Solutions (US ERP Practices)

•On September 4^th, we acquired Metamor Enterprise Solutions LLC, an SAP consultancy, to enhance our US SAP business model and assist with increasing demand.

•Year-over-year operating margins for the quarter improved greatly in this Practice, while simultaneously growing revenue 5% organically, despite a seasonally slow and product migration challenged hardware reselling period.

Pipeline and Wins

                CIBER’s US pipeline (excluding Europe) at September 30, 2007 was $3.0 billion, flat with the June 30, 2007 number.  Wins for the seasonally slow third quarter (including Europe) were approximately $250 million, approximately a 1:1 book-to-bill ratio.

Balance Sheet — as of September 30, 2007

•      Cash was $32.0 million; bank line of credit borrowings were $19.1 million.

•      Shareholder equity increased to $445.4 million.

•      DSOs on services were 74 days, a 3 day sequential seasonal increase.

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•CIBER purchased 425,000 shares in treasury during the third quarter, at an average of $7.66 per share, bringing year-to-date purchase to 1.575 million shares at an average cost of $7.52 per share.

Outlook

                The company currently anticipates, for the fourth quarter of 2007, revenue will be $262-268 million and GAAP EPS will be $0.13-0.15 per share.

                Accordingly, CIBER is raising its 2007 fiscal year revenue outlook to $1.054-1.060 billion and updating its GAAP EPS outlook to $0.48-0.50 per share.

Conference Call and Webcast

                A webcast to discuss the company’s financial results and outlook will be held at 11:00 a.m. ET on October 24, 2007, and may be heard live by visiting the Investor Relations portion of the company website at www.ciber.com/cbr/.  To participate in the call, dial 800-240-4186 within the United States, and 303-262-2138 internationally, using the conference ID number 11098854.  A replay of the conference call will be available through November 23, 2007 by dialing 800-405-2236 within the United States, and 303-590-3000 internationally, using the ID number 11098854.  The replay will also be available on CIBER’s website.

About CIBER, Inc.

CIBER, Inc. (NYSE: CBR) is a pure-play international system integration consultancy with superior value-priced services for both private and government sector clients. CIBER’s global delivery services are offered on a project or strategic staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., the company now serves client businesses from over 60 US offices, 20 European offices and five offices in Asia.  Operating in 18 countries, with over 8,000 employees and annual revenue of approximately $1 billion, CIBER and its IT specialists continuously build and upgrade clients’ systems to “competitive advantage status.”  CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, ALWAYS ABLE. www.ciber.com

Forward-Looking and Cautionary Statements

Statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company’s filings with the Securities and Exchange Commission.  CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements.  CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc.  Copyright^© 2007.

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CIBER, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

	Three Months Ended				Nine Months Ended
In thousands, except per share data	September 30,				September 30,
	2006		2007		2006		2007
Consulting services	$	231,517	$	253,496	$	695,590	$	749,726
Other revenue	15,101		12,241		42,739		41,739
Total revenue	246,618		265,737		738,329		791,465
Cost of consulting services	173,814		185,423		520,178		549,912
Cost of other revenue	7,269		7,533		20,213		24,859
Selling, general and administrative expenses	54,070		57,478		160,591		171,217
Amortization of intangible assets	1,592		1,456		4,530		4,256
Operating income	10,269		13,847		32,817		41,221
Other expense, net	1,469		2,147		5,522		6,257
Income before income taxes	8,800		11,700		27,295		34,964
Income tax expense	2,728		4,234		10,021		13,085
Net income	$	6,072	$	7,466	$	17,274	$	21,879
Earnings per share — diluted	$	0.10	$	0.12	$	0.28	$	0.35
Weighted average shares — diluted	62,234		61,820		62,369		62,054

For the three months ended September 30, 2006 and 2007, respectively, earnings per share — basic were $0.10 and $0.12 and weighted average shares — basic were 61,810 and 61,042.

For the nine months ended September 30, 2006 and 2007, respectively, earnings per share — basic were $0.28 and $0.36 and weighted average shares — basic were 61,966 and 61,283.

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CIBER, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

In thousands	December 31, 2006		September 30, 2007
Assets
Current assets:
Cash and cash equivalents	$	33,319	$	32,029
Accounts receivable, net	226,055		250,128
Prepaid expenses and other current assets	21,020		26,404
Deferred income taxes	3,748		5,821
Total current assets	284,142		314,382
Property and equipment, net	26,521		25,487
Intangible assets, net	453,106		472,915
Other assets	15,910		13,765
Total assets	$	779,679	$	826,549
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	41,486	$	28,412
Accrued compensation and related liabilities	43,579		55,576
Other accrued expenses and liabilities	51,173		56,765
Income taxes payable	7,147		10,974
Total current liabilities	143,385		151,727
Long-term line of credit — bank	11,949		19,116
Long-term debentures	175,000		175,000
Other long-term liabilities	31,975		33,041
Total liabilities	362,309		378,884
Minority interest	1,248		2,291
Shareholders’ equity	416,122		445,374
Total liabilities and shareholders’ equity	$	779,679	$	826,549

5

CIBER, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months Ended September 30,
In thousands	2006			2007
Operating activities:
Net income	$	17,274		$	21,879
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	9,251			8,736
Amortization of intangible assets	4,530			4,256
Other, net	(7,393		)	(11,757		)
Net cash provided by operating activities	23,662			23,114
Investing activities:
Acquisitions, net of cash acquired	(9,854		)	(17,316		)
Purchases of property and equipment, net	(7,830		)	(8,631		)
Sale of property and equipment	—			1,864
Other, net	(565		)	—
Net cash used in investing activities	(18,249		)	(24,083		)
Financing activities:
Employee stock purchases and options exercised	3,825			4,912
Purchases of treasury stock	(6,731		)	(11,845		)
Borrowings (payments) on long-term bank line of credit, net	(19,845		)	7,167
Other, net	7			(2,208		)
Net cash used in financing activities	(22,744		)	(1,974		)
Effect of foreign exchange rate changes on cash	986			1,653
Net decrease in cash and cash equivalents	(16,345		)	(1,290		)
Cash and cash equivalents, beginning of period	40,661			33,319
Cash and cash equivalents, end of period	$	24,316		$	32,029

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Selected Financial Information

Unaudited Reconciliation of Non-GAAP and Segment Financial Measures

I.Reconciliation of Revenue Growth Components ($ in Millions)

Three Months Ended

Practices	Sept. 30, 2006		Organic		Acquired		Foreign Exchange		Total		Sept. 30, 2007
Commercial	$	87.2	2.2	%	—	%	—	%	2.2	%	$	89.1
State & Local	36.9		(4.9	)	—		—		(4.9	)	35.1
US ERP (CES)	28.6		4.7		3.7		—		8.4		31.0
Federal	34.6		(1.2	)	—		—		(1.2	)	34.2
Europe	59.3		18.6		—		10.1		28.7		76.3
	$	246.6	5.0	%	0.4	%	2.4	%	7.8	%	$	265.7

Nine Months Ended

Practices	Sept. 30, 2006		Organic		Acquired		Foreign Exchange		Total		Sept. 30, 2007
Commercial	$	266.1	1.0	%	—	%	—	%	1.0	%	$	268.7
State & Local	106.0		1.4		—		—		1.4		107.5
US ERP (CES)	87.5		1.2		1.2		—		2.4		89.6
Federal	105.7		(3.2	)	—		—		(3.2)		102.3
Europe	173.0		17.6		0.9		10.6		29.1		223.4
	$	738.3	4.4	%	0.3	%	2.5	%	7.2	%	$	791.5

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II.Segment Operating Results Analysis

Operating Results Analysis

($ In millions)

	Three Months Ended													Nine Months Ended
By Practice	Sept. 30, 2006							Sept. 30, 2007						Sept. 30, 2006						Sept. 30, 2007
						% of						% of						% of							% of
	Amount					Revenue		Amount				Revenue		Amount				Revenue		Amount					Revenue
Revenue
Commercial*	$			87.2		35	%	$	89.1			33	%	$		266.1		36	%	$		268.7			34	%
State & Local	36.9					15		35.1				13		106.0				14		107.5					14
US ERP (CES)	28.6					12		31.0				12		87.5				12		89.6					11
Federal	34.6					14		34.2				13		105.7				14		102.3					13
Europe*	59.3					24		76.3				29		173.0				24		223.4					28
Total	$	246.6				100	%	$	265.7			100	%	$	738.3			100	%	$			791.5		100	%
						%						%						%							%
						of Div.						of Div.						of Div.							of Div.
Operating Income						Revenue						Revenue						Revenue							Revenue
Commercial*	$	6.2				7	%	$	7.0			8	%	$	18.2			7	%	$	22.0				8	%
State & Local	3.3					9		2.5				7		8.9				8		9.7					9
US ERP (CES)	1.7					6		3.1				10		7.0				8		8.8					10
Federal	3.4					10		3.0				9		10.4				10		8.8					9
Europe*	3.3					6		5.1				7		8.8				5		13.1					6
Corporate	(6.0				)	(2	)	(5.4			)	(2	)	(16.0			)	(2	)	(16.9				)	(2	)
EBITA	11.9					5	%	15.3				6		37.3				5	%	45.5					6	%
Amort. Expense	(1.6				)	(1	)	(1.5			)	(1	)	(4.5			)	(1	)	(4.3				)	(1	)
Operating Income	$		10.3			4	%	$		13.8		5	%	$		32.8		4	%	$	41.2				5	%

*U.S. Commercial includes India’s results and domestic eliminations; Europe includes Eastern Asia & Australia/NZ results

III.EBITDA Reconciliation to Net Income (000’s omitted)

	Three Months Ended						Nine Months Ended
	Sept. 30, 2006			Sept. 30, 2007			Sept. 30, 2006			Sept. 30, 2007
Net Income	$	6,072		$	7,466		$	17,274		$	21,879
Income Tax	2,728			4,234			10,021			13,085
Pre-Tax Income	8,800			11,700			27,295			34,964
Other Expense, net	1,469			2,147			5,522			6,257
Operating Income	10,269			13,847			32,817			41,221
Amortization	1,592			1,456			4,530			4,256
Depreciation	3,277			2,961			9,251			8,736
EBITDA	$		15,138	$		18,264	$		46,598	$	54,213

###

8

EX-99.2

Exhibit 99.2

CIBER, Inc.

5251 DTC Parkway, Suite 1400

Greenwood Village, CO  80111

www.ciber.com

For Immediate Release	Contacts:	Jennifer Matuschek	Diane Stoner
		VP/Investor Relations	Media Relations
		303-220-0100	303-220-0100
		jmatuschek@ciber.com	dstoner@ciber.com

CIBER APPOINTS NEW EXECUTIVE VICE PRESIDENT/CHIEF FINANCIAL OFFICER

Peter Cheesbrough to Start October 31, 2007

GREENWOOD VILLAGE, Colorado — October 24, 2007 — CIBER, Inc. (NYSE: CBR), today announced that Peter Cheesbrough will join the company on October 31, 2007 as Executive Vice President/Chief Financial Officer.

                “Peter is well known to us.  He has been serving on our Board of Directors and as Chair of our Audit Committee since 2002,” said Mac Slingerlend, CIBER’s President and Chief Executive Officer.  “We have come to know Peter as a man of very high integrity and a skilled communicator.  His familiarity with our business model from a Director’s perspective will give him a head start at our accounting and financial tasks.  Peter will remain on CIBER’s Board and we will separately announce a new Director and Audit Committee Chair.”

                Mr. Cheesbrough was born in England, where he became a Chartered Accountant working for Coopers & Lybrand, which later became PricewaterhouseCoopers.  He moved to Canada with Coopers & Lybrand in 1975.  He joined Echo Bay Mines in 1983 and moved to Denver in 1991.  After several promotions, he became CFO of this publicly held company from 1993 until 1999.  He held several Denver area financial positions before joining Navigant Biotechnologies in 2002 as Chief Financial Officer; he was promoted to VP & General Manager in 2005 where he has served until now.  He and his wife, Elizabeth, reside in the Denver area.

                “I am very pleased to join CIBER as its CFO.  I have known the Company and its management team from a different perspective, but I look forward to helping CIBER from the inside and returning to my financial training activities.  CIBER’s diverse model, increasing revenue and earnings and NYSE history are certainly strengths to build on.  I look forward to working with our research analysts and investors on the outside and employees on the inside,” said Cheesbrough.

                Bob Stevenson, CIBER’s Chairman and Founder, added, “Peter is a class guy, respected by his peers on our Board of Directors.  While we need to move his Board Audit Committee duties to a new Director, we now have his skill on the Board as well as every day.  With Europe approaching 30% of CIBER’s business model, his roots and perspectives are even more valuable.  This is a win-win for CIBER.”

About CIBER, Inc.

CIBER, Inc. (NYSE: CBR) is a pure-play international system integration consultancy with superior value-priced services for both private and government sector clients. CIBER’s global delivery services are offered on a project or strategic staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., the company now serves client businesses from over 60 US offices, 20 European offices and five offices in Asia.  Operating in 18 countries, with over 8,000 employees and annual revenue of approximately $1 billion, CIBER and its IT specialists continuously build and upgrade clients’ systems to “competitive advantage status.”  CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, ALWAYS ABLE. www.ciber.com

Forward-Looking and Cautionary Statements

Statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company’s filings with the Securities and Exchange Commission.  CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements.  CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc.  Copyright^© 2007.