AUSTIN, Texas – June 20, 2006 - Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and large enterprise customers throughout the United States, announced today that it has been named to the 2006 VARBusiness 500 and Fast 50 lists, VARBusiness magazine’s annual list of the 500 leading revenue producers and 50 fastest growing technology solution providers in the country.
Companies on the 2006 VB500 list accounted for $378 billion in sales of information technology (IT) services and products, a 13% percent increase from the previous year’s list. Perficient’s revenue grew nearly 65% over that same time period, landing it again in the top 10% of growers and on the Fast 50 list.
Ranked by revenues, the VB500 list reveals that Perficient has moved to the #233 spot, up significantly from #306 last year and #426 in 2004. This marks the fifth consecutive year that Perficient has been named to this prestigious list.
“We’re proud and honored to be recognized once again on the VARBusiness 500 and Fast 50 lists,” said Jack McDonald, Perficient’s chairman and chief executive officer. “We’re particularly pleased with our rapid ascent in the VB 500 rankings and our inclusion once more on the list of fastest-growing firms. What’s most exciting is the fact that as we’ve grown, our profitability has increased.”
“Companies like Perficient play critical roles in providing the proper information-technology strategies and systems to corporations and institutions to help drive business forward,” said Larry Walsh, VARBusiness editor.
The VARBusiness 500 is compiled annually by the editors of VARBusiness magazine. The 2006 rankings may be seen in the June 12th, 2006, print edition of the magazine and online at www.varbusiness.com.
About VARBusiness Magazine
For the past 19 years, VARBusiness’ strategic resources have been the gateway to the Solution Provider community. VARBusiness provides unique strategic business and technology insight for Solution Providers through industry-defining research, in-depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness has been the recipient of numerous industry awards for both editorial content and design.
Perficient is a leading information technology consulting firm serving Global 2000 and large enterprise customers throughout the United States. Perficient helps clients gain competitive advantage by using Internet-based technologies to make their businesses more responsive to market opportunities and threats, strengthen relationships with customers, suppliers and partners, improve productivity and reduce information technology costs. Our solutions enable our clients to operate a real-time enterprise that dynamically adapts business processes and the systems that support them to the changing demands of an increasingly global, Internet-driven and competitive marketplace. Perficient is an award-winning "Premier Level" IBM business partner, a TeamTIBCO partner, a Microsoft Gold Certified Partner, a Documentum Select Services Team Partner and an Oracle-Siebel partner. For more information about Perficient, which employs more than 750 professionals, please visit www.perficient.com. IBM and WebSphere are trademarks of International Business Machines Corporation in the United States, other countries, or both.
Safe Harbor Statement ”Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements that are subject to risk and uncertainties. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from management's current expectations and the forward-looking statements made in this press release. These risks and uncertainties include, but not limited to, the impact of competitive services, demand for services like those provided by the company and market acceptance risks, fluctuations in operating results, cyclical market pressures on the technology industry, the ability to manage strains associated with the company's growth, credit risks associated with the company's accounts receivable, the company's ability to continue to attract and retain high quality employees, accurately set fees for and timely complete its current and future client projects, the company’s ability to identify, compete for and complete strategic acquisition and partnership opportunities, and other risks detailed from time to time in the company's filings with Securities and Exchange Commission, including the most recent Form 10-K and Form 10-Q.