Key Developments: Perficient Inc (PRFT.O)

PRFT.O on Nasdaq

19.59USD
25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Perficient Inc announces partnership with St. Louis Rams
Wednesday, 11 Jun 2014 09:30am EDT 

Perficient Inc:Enters into broad and multi-faceted, mutually beneficial partnership with St. Louis Rams.Under terms of the agreement, Perficient will receive marketing and corporate engagement opportunities, while Rams will leverage Perficient's deep technology solutions and application development expertise to improve football operations.Core to relationship is joint commitment to several important community-oriented initiatives.  Full Article

Perficient Inc raises FY 2014 guidance; gives Q2 2014 revenue guidance in line with analysts' estimates
Thursday, 8 May 2014 08:00am EDT 

Perficient Inc:Is raising FY 2014 revenue guidance to a range of $444 to $464 million from the previously provided range of $430 million to $450 million.Also raising FY 2014 adjusted earnings per share guidance to a range of $1.27 to $1.37 from the previously provided range of $1.26 to $1.36.FY 2014 revenue of $445 million and EPS of $1.31 - Thomson Reuters I/B/E/S.Expects Q2 2014 services and software revenue, including reimbursed expenses, to be in the range of $108.1 to $117.5 million.Q2 2014 revenue of $111.8 million - Thomson Reuters I/B/E/S.  Full Article

Perficient Inc acquires IBM smarter commerce division of Trifecta Technologies
Thursday, 8 May 2014 07:45am EDT 

Perficient Inc:Acquires IBM Smarter Commerce division of Trifecta Technologies, an $8 mln annual services revenue business and information technology consulting firm.Closing consideration paid in transaction is about $13.7 mln.Amount is subject to change based on net working capital adjustments determined in months following closing date.  Full Article

Perficient Inc Acquires BioPharm Systems Inc
Tuesday, 1 Apr 2014 09:00am EDT 

Perficient Inc:Says it has acquired BioPharm Systems, Inc, a $15 million annual services revenue business and information technology consulting firm focused on the life sciences industry.The closing consideration paid in the transaction is about $17.6 mln and includes about $11.4 mln in cash and about $6.2 mln worth of Perficient common stock.  Full Article

Perficient, Inc issues Q1, FY 2014 guidance in line with analysts' estimates
Thursday, 6 Mar 2014 07:30am EST 

Perficient, Inc:Expects Q1 2014 revenue services and software revenue, including reimbursed expenses, to be in the range of $97.0 mln to $104.2 mln.Expects FY 2014 revenue to be in the range of $430 mln to $450 mln.Expects FY 2014 adjusted EPS in the range of $1.26-$1.36.Q1 2014 revenue of $104 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $439 mln and EPS of $1.29 - Thomson Reuters I/B/E/S.  Full Article

Perficient Inc acquires ForwardThink Group
Tuesday, 11 Feb 2014 09:00am EST 

Perficient Inc:Says it has acquired ForwardThink Group Inc. (ForwardThink Group), a $30 mln annual services revenue management and technology consulting firm focused on the financial services industry.Says Randy Grigg, managing partner of Ridgecrest Advisors, advised Perficient on the transaction in his capacity as a registered investment banking agent of M&A Securities Group, Inc.Financial terms of the transaction were not disclosed.  Full Article

Perficient Inc Issues Q4 2013 Revenue Guidance In Line With Analysts' Estimates; Narrows FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Raises FY 2013 EPS Guidance
Thursday, 7 Nov 2013 08:05am EST 

Perficient Inc announced that for fourth quarter of 2013, it expects services and software revenue, including reimbursed expenses, to be in the range of $95.6 million to $100.6 million, comprised of $88.3 million to $92.9 million of revenue from services including reimbursed expenses and $7.3 million to $7.7 million of revenue from sales of software. The Company narrowing its fiscal 2013 revenue guidance range to $372 million to $377 million from the previously provided range of $362 million to $382 million and raising fiscal 2013 adjusted earnings per share guidance to a range of $1.08 to $1.12 from the previously provided range of $1.03 to $1.09. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $97 million for fourth quarter of 2013; revenue of $372 million and EPS of $1.08 for fiscal 2013.  Full Article

Perficient Inc Acquires CoreMatrix Systems LLC-Form 8-K
Wednesday, 16 Oct 2013 12:38pm EDT 

Perficient Inc reported in its Form 8-K that On October 11, 2013, the Company entered into an Asset Purchase Agreement (the Agreement) with CoreMatrix Systems LLC, a New Jersey limited liability company (CoreMatrix), and its principals (the Principals), pursuant to which the Company acquired substantially all of the assets of CoreMatrix as of such date (the Acquisition). The closing purchase price for the Acquisition was $21.5 million, consisting of cash and Company common stock. The closing purchase price is subject to a post-closing net working capital adjustment and additional contingent consideration of up to $10.0 million based on post-closing earnings. Approximately $3.2 million of the closing purchase price is to be held in escrow as security for post-closing indemnification obligations of CoreMatrix and the Principals. The Agreement includes customary representations, warranties and covenants by the parties. In connection with the Agreement, Perficient and the Principals entered into certain stock restriction and non-compete agreements. The Principals agreed not to compete with Perficient and the former business of CoreMatrix for five years from the closing date.  Full Article

Perficient Inc Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Thursday, 1 Aug 2013 08:01am EDT 

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
Thursday, 13 Jun 2013 09:16am EDT 

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

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