Ciber, Inc. (NYSE:CBR) Q4 2014 Earnings Conference Call - Final Transcript
Feb 03, 2015 • 08:30 am ET
Welcome to the Ciber Q4 Earnings Conference Call. At this time all participants are in listen-only mode. We will conduct a question-and-answer session towards the end of this conference. (Operator Instructions) As a reminder, this call is being recorded for replay purposes.
I'd now like to turn the call over to Ms. Heather Pollard. Please proceed, ma'am.
Thank you, Operator. Good morning, everyone. My name is Heather Pollard, Director of Finance at Ciber. Welcome to Ciber's fourth quarter 2014 earnings conference call. With me today are Michael Boustridge, our President and Chief Executive Officer; and Christian Mezger, our CFO.
(Forward-Looking Cautionary Statement)
With that, it is my pleasure to turn the call over to Michael Boustridge. Michael?
Thank you, Heather. Good morning, everybody, and welcome to our call. Fourth quarter results not an important milestone for Ciber. We delivered the highest level of profitability in four years. North America remains solid, international has signs of improvement while restructuring efforts are progressing. We're pleased with the duration and intensity of our efforts during the past six months. There is still significant opportunity to enhance our performance albeit not in a linear fashion.
Our continued progress on discipline structure persists in pace
Ciber forward. We must address the dynamic of the trends in the industry, making the necessary investments to transform Ciber, while creating value for our shareholders.
The IT service marketplace is worlds large and growing modestly is changing driven by the explosive growth in mobility, data and Internet of Things. Partners and customers in Ciber is a valuable partner. Our client insight helps them to better leverage their technology investments. And managed services, for example, we have scaling with our partners to meet (inaudible) demand, not just in North America but around the world; and example will be the (inaudible) fourth quarter with a large multinational chemical company and the global leader in pharmaceutical and healthcare industry.
At Ciber, we're in unique position. We are been enough, not to be small and small enough not to be big. As I shared with you last quarter, our goal is to leverage our position as a trusted and nimble partner while continuing our global transformation. These initiatives are well underway. And our two your regions, we're taking the vertical focus to the next level, aligning by practice in the industry, so that we can position in (inaudible) the market with high value vertically achieving offerings.
To augment our vertical focus, we are designing repeatable portfolio offerings and implementing world class-leading purchases to enable the constant delivery differentiated solutions to outline. For example, now application modernization services help customers get the most value from their existing applications, while managing transformation initiatives with speed. We are making (inaudible) investments in our infrastructure, whilst re-engineering our business purchases. These investments in technology are required and long (inaudible) feedback from my clients and partners validate and reinforce trust in our (inaudible) alignment with that strategy and a desire to do business with Ciber.
We are confident that