Ciber, Inc. (NYSE:CBR) Q4 2015 Earnings Conference Call - Final Transcript

Feb 18, 2016 • 08:30 am ET


Ciber, Inc. (NYSE:CBR) Q4 2015 Earnings Conference Call - Final Transcript


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Greetings and welcome to the Ciber, Inc. Fourth Quarter Full Year 2015 Earnings Conference Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Scott Kozak, Direct of Investor Relations. Thank you, Mr. Kozak. You may begin.

Scott Kozak

Thank you, operator. Good morning, everyone. My name is Scott Kozak, Director of Investor Relations at Ciber. Welcome to Ciber's fourth quarter 2015 earnings conference call. With me today are Michael Boustridge, our President and Chief Executive Officer and Christian Mezger, our Chief Financial Officer.

Before turning the call over to Michael, I will remind you that some of our prepared comments and responses to your questions will constitute forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to those factors set forth in today's news release and discussed under the risk factors section of our Quarterly Report on Form 10-Q and our Annual Report on Form 10-K as well as other SEC filings.

Also during this call, we will reference certain non-GAAP financial measures that we believe provide useful information for investors. We have included reconciliations of those measures to GAAP measures in our news release and on the Investor Relations section of our website, Today's discussion will be on a continuing operations basis. Please refer to our SEC filings and Form 10-Q and 8-K for a recap of historical comparisons.

With that, it is my pleasure to turn the call over to Ciber's President and CEO, Michael Boustridge. Michael?

Michael Boustridge

Thank you, Scott. Good morning, everyone and welcome to our call. I am delighted to begin this call by announcing our first successful win and subscription to Ciber Momentum, by alas versified industrial company. This is an exciting win with an existing strategic customer. And we look forward to making more Ciber Momentum win announcements in the quarters and years to come.

Turning to the broader business, 2015 was my leadership's team first at Ciber. We started the year with a clear understanding that the company was not meeting investor expectations and was underperforming both our peers as well as our own potential. As you might expect, many factors contributed to our previous results and we knew they wouldn't be fixed overnight. We have taken aggressive measures, actions to make Ciber a stronger and more competitive company.

We refined our strategic direction and invested heavily in products, talent and processes. We have also excellent pool revenue, low margin operations and reinvigorated our most profitable offering. All of this was designed to create a larger base of profitable offerings focused on the needs of our customers that we believe will generate increased top line growth, margin and cash flow for our company and expected returns for our shareholders.