Perficient Raises Fourth Quarter 2015 Revenue Guidance
January 11 2016 - 9:00AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160111005377/en/
PerficientBill Davis, 314-529-3555bill.davis@perficient.com
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