Key Developments: Perficient Inc (PRFT.OQ)
15.88USD
1 Aug 2013
$2.23 (+16.34%)
$13.65
$14.00
$15.94
$13.75
224,079
64,079
$15.94
$10.02
Latest Key Developments (Source: Significant Developments)
Perficient Inc Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Perficient Inc reaffirmed its fiscal 2013 revenue guidance range of $362 million to $382 million and raising fiscal 2013 adjusted GAAP earnings per share (EPS) guidance to a range of $1.03 to $1.09 from the previously provided range of $0.98-$1.08. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $363 million and EPS of $1.03 for fiscal 2013. Full Article
Perficient Inc Increases Stock Repurchase Plan
Perficient, Inc. announced its Board of Directors has authorized an expansion of its share repurchase program, increasing the total authorization to $90 million from the previous total of $70 million. As of March 31, 2013, Perficient had spent $64.6 million on repurchasing 8.3 million shares (under the $70 million authorization) since its share repurchase program inception in March 2008. Full Article
Perficient Inc Acquires Clear Task Inc
Perficient Inc announced that it has acquired San Francisco-based Clear Task, Inc. (Clear Task), a services revenue consulting firm focused entirely on the salesforce.com product suite. Terms of the transaction were not disclosed. Full Article
Perficient Inc Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Perficient Inc reaffirmed its fiscal 2013 revenue guidance range of $358 million to $378 million and raised fiscal 2013 adjusted GAAP earnings per share (EPS) guidance to a range of $0.98 to $1.08. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $359 million and EPS of $1.04 for fiscal 2013. Full Article
Perficient Inc Acquires TriTek Solutions
Perficient Inc announced it has acquired northeastern U.S.-based TriTek Solutions, Inc. (TriTek), an IBM-focused enterprise content management and business process management consulting firm that generated $19 million in 2012 services revenue. The consideration paid in the transaction is approximately $18.5 million and includes $13.2 million in cash and approximately $5.3 million worth of Perficient common stock (based on the average closing price of Perficient`s common stock on the NASDAQ Global Select Market for the thirty trading days immediately preceding the acquisition close per the terms of the acquisition agreement). Full Article
Perficient Inc Issues FY 2013 Guidance In Line With Analysts' Estimates; Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
Perficient Inc announced that it expects first quarter 2013 services and software revenue, including reimbursed expenses, to be in the range of $81.1 million to $85.4 million, comprised of $76.2 million to $80.2 million of revenue from services including reimbursed expenses and $4.9 million to $5.2 million of revenue from sales of software. For fiscal 2013, it expects revenue in the range of $345-$365 million and an adjusted earnings per share range of $0.97 to $1.07 for 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $83.7 million for the first quarter of 2013; revenue of $355 million and EPS of $1.04 for fiscal 2013. Full Article
Perficient Inc Reaffirms FY 2012 Guidance-Conference Call
Perficient Inc announced that for fiscal 2012, it expects revenue guidance of $325 million to $329 million. The Company assures as well as the guidance on the adjusted EPS, right in that range. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $327 million and EPS of $0.93 for fiscal 2012. Full Article
Perficient Inc Issues Q4 2012 Revenue Guidance In Line With Analysts' Estimates; Narrows FY 2012 Guidance To A Range In Line With Analysts' Estimates
Perficient Inc announced that it expects fourth quarter 2012 services and software revenue, including reimbursed expenses, to be in the range of $81.0 million to $85.0 million, comprised of $75.7 million to $79.3 million of revenue from services including reimbursed expenses and $5.3 million to $5.7 million of revenue from sales of software. The Company is narrowing fiscal 2012 revenue guidance to a range of $325 million to $329 million from the previously provided range of $317 million to $332 million and Adjusted GAAP earnings per share guidance to a range of $0.91 to $0.95 from the previously provided range of $0.90 to $0.96. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $83 million for fourth quarter of 2012; revenue of $324 million and EPS of $0.93 for fiscal 2012. Full Article
Perficient, Inc. Issues Q3 2012 Revenue Guidance In Line With Analysts' Estimates; Raises FY 2012 Guidance
Perficient, Inc. announced that for third quarter of 2012, it expects services and software revenue, including reimbursed expenses, to be in the range of $81.8 million to $86.2 million, comprised of $78.0 million to $82.0 million of revenue from services including reimbursed expenses and $3.8 million to $4.2 million of revenue from sales of software. The midpoint of third quarter 2012 services revenue guidance represents growth of 21% over third quarter 2011 services revenue. The Company raised fiscal 2012 revenue guidance to a range of $317 million to $332 million from the previously provided range of $300 million to $320 million. The company is adjusting its full year Adjusted GAAP earnings per share guidance to a range of $0.90 to $0.96 from the previously provided range of $0.88 to $0.98. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $86 million for third quarter of 2012; revenue of $323 million and EPS of $0.95 for fiscal 2012. Full Article
Perficient, Inc. Acquires Northridge Systems
Perficient, Inc. announced that it has acquired Atlanta-based Northridge Systems, Inc. (Northridge), a $12 million annual services revenue business and technology consulting firm focused on collaboration solutions, primarily leveraging the Microsoft SharePoint platform. The consideration paid in the transaction is approximately $14.4 million and includes $10.6 million in cash and approximately $3.8 million worth of Perficient common stock (based on the average closing price of Perficient’s common stock on the NASDAQ Global Select Market for the thirty trading days immediately preceding the acquisition close per the terms of the acquisition agreement). Randy Grigg, managing partner of Ridgecrest Advisors, advised Perficient on the transaction in his capacity as a registered investment banking agent of Burch & Company, Inc. Full Article

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