918581--3/6/2008--CIBER_INC

related topics
{customer, product, revenue}
{condition, economic, financial}
{competitive, industry, competition}
{regulation, government, change}
{operation, international, foreign}
{regulation, change, law}
{product, market, service}
{personnel, key, retain}
{provision, law, control}
{stock, price, operating}
{debt, indebtedness, cash}
{system, service, information}
Our quarterly revenues, operating results and profitability will vary from quarter to quarter, which may result in increased volatility of our share price. Economic conditions and levels of client spending materially affect our results of operations. If we are not able to anticipate and keep pace with rapid changes in technology, our business will be negatively affected. Our business could be adversely affected if our clients are not satisfied with our services and we could face damage to our professional reputation and/or legal liability. Termination of a contract by a significant client and/or cancellation with short notice could reduce our revenue and profitability and adversely affect our financial condition. We may experience declines in revenue and profitability if we do not accurately estimate the cost of a large engagement conducted on a fixed-price basis. Financial and operational risks of our international operations could result in a decline in revenue and profitability. We depend on contracts with various federal, state and local government agencies for a significant portion of our revenue, and if the spending policies or budget priorities of these agencies change, we could lose revenue. Unfavorable government audits could require us to adjust previously reported operating results, to forego anticipated revenue and subject us to penalties and sanctions. Our future success depends on our ability to continue to retain and attract qualified employees. Our current level of indebtedness places restrictions upon our business and changes in interest rates may adversely affect our operating results. The IT services industry is highly competitive, and we may not be able to compete effectively. If we are unable to collect our receivables, our results of operations and cash flows could be adversely affected. We have adopted anti-takeover defenses that could make it difficult for another company to acquire control of CIBER or limit the price investors might be willing to pay for our stock, thus affecting the market price of our stock.

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