United States
Securities and Exchange Commission
Washington, DC 20549
Form 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported): January 11, 2016

PERFICIENT, INC.
(Exact Name of Registrant as Specified in its Charter)
 
Delaware
001-15169
74-2853258
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
   
555 Maryville University Drive, Suite 600, Saint Louis, Missouri
63141
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code (314) 529-3600
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On January 11, 2016, Perficient, Inc. issued a press release announcing updated guidance for the three months ended December 31, 2015.  A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.02.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

Exhibit
  
Number
Description
   
99.1
Perficient, Inc. Press Release, dated January 11, 2016
 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
PERFICIENT, INC.
     
Date: January 11, 2016
By:
/s/ Paul E. Martin
   
Paul E. Martin
   
Chief Financial Officer

 

 
Exhibit Index
Exhibit
  
Number
Description
   
99.1
Perficient, Inc. Press Release, dated January 11, 2016
 


EXHIBIT 99.1
 
For more information, please contact:
Bill Davis, Perficient, 314-529-3555
bill.davis@perficient.com
For Immediate Release
 
PERFICIENT RAISES FOURTH QUARTER 2015 REVENUE GUIDANCE

ST. LOUIS (January 11, 2016) – Perficient, Inc. (NASDAQ: PRFT) ("Perficient"), the leading digital transformation consulting firm serving Global 2000® and other large enterprise customers throughout North America, today announced that it is raising its revenue guidance for the fourth quarter of 2015.
 
The Company expects its fourth quarter services and software revenue, including reimbursed expenses, to be in the range of $131.5 million to $134.5 million, comprised of $113.5 million to $115.5 million of revenue from services including reimbursed expenses and $18 million to $19 million of revenue from sales of software

The revised guidance range of services revenue including reimbursed expenses would represent services revenue growth of 9% to 11% over the fourth quarter of 2014. This revised revenue guidance compares to the previous guidance range of $118 million to $128 million (which included $11 million to $16 million of revenue from sales of software) provided in the third quarter 2015 earnings release distributed and conference call held on November 5, 2015.

"Fourth quarter revenue and performance exceeded our expectations. Those encouraging results, combined with strong bookings during the quarter and year-to-date, have the business executing with significant momentum as 2016 gets underway. We're optimistic these trends will continue and drive meaningful acceleration in organic growth this year," said Jeff Davis, chief executive officer and president.
 
 
About Perficient
Perficient is the leading digital transformation consulting firm serving Global 2000® and enterprise customers throughout North America. With unparalleled information technology, management consulting and creative capabilities, Perficient delivers vision, execution and value with outstanding digital experience, business optimization and industry solutions. Our work enables clients to improve productivity and competitiveness; grow and strengthen relationships with customers, suppliers and partners; and reduce costs. Perficient's professionals serve clients from a network of offices across North America and offshore locations in India and China. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. Perficient is an award-winning Premier Level IBM business partner, a Microsoft National Service Provider and Gold Certified Partner, an Oracle Platinum Partner, and a Platinum Salesforce Cloud Alliance Partner. For more information, visit www.perficient.com.
 
 
Safe Harbor Statement
Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results for 2015 and business outlook for 2015. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on management's current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. Actual events or results may differ substantially. Important factors that could cause our actual results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2014, and the following:
 
(1)    the possibility that our actual results do not meet the projections and guidance contained in this news release;
(2)    the impact of the general economy and economic uncertainty on our business;
(3)    risks associated with the operation of our business generally, including:
a)
client demand for our services and solutions;
b)
maintaining a balance of our supply of skills and resources with client demand;
c)
effectively competing in a highly competitive market;
d)
protecting our clients' and our data and information;
e)
risks from international operations including fluctuations in exchange rates;
f)
obtaining favorable pricing to reflect services provided;
g)
adapting to changes in technologies and offerings; and
h)
risk of loss of one or more significant software vendors;
(4)    legal liabilities, including intellectual property protection and infringement or personally identifiable information;
(5)    risks associated with managing growth organically and through acquisitions; and
(6)    the risks detailed from time to time within our filings with the Securities and Exchange Commission.
 
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. This cautionary statement is provided pursuant to Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this release are made only as of the date hereof and we undertake no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future.
Perficient (NASDAQ:PRFT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Perficient Charts.
Perficient (NASDAQ:PRFT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Perficient Charts.