AUSTIN, Texas (May 29, 2007)—Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, announced today that it is ranked #6 on Business 2.0 magazine’s B2 100, a list of the 100 fastest-growing technology companies in the country.
In addition, Perficient ranked #3 in the nation on the B2 100 Job Growth list with a 75.1% staff increase in 2006 and #10 on the B2 100 Stock Return list with stock appreciation in 2006 of 84%.
The B2 100 appears in the June issue of Business 2.0, a leading business and technology publication published by Time Warner Inc.
“We’re honored to be recognized by Business 2.0 as the sixth-fastest growing technology company in the country as well as a top-ten company for both job growth and stock appreciation,” said Jack McDonald, Perficient’s chairman and chief executive, who credits the company’s strong organic growth and successful mergers-and-acquisition strategy for the company's continued strong performance. “Most exciting, however, are the substantial growth opportunities that lie ahead for Perficient.”
According to Business 2.0, Perficient is “hot” because “CTOs are opening up their wallets again -- and hiring IT consultancies to tell them what to buy.”
According to the magazine, more than 2,000 tech companies were screened for possible inclusion. Candidates must have been publicly traded on a U.S. stock exchange for at least three years, have a market capitalization of at least $50 million, and have had positive operating cash flow over the past 12 months. Zacks Investment Research of Chicago ranked the resulting list using four financial criteria: growth in revenue, profit, and operating cash flow during the past three years, and the 12-month stock return as of Dec. 31, 2006. Cash flow growth counts for 40 percent of a company’s ranking. Each of the other criteria counts for 20 percent. Additional research was provided by FactSet. For more information about the B2 100, visit www.Business2.com.
Perficient is a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America. 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. Perficient is a member of the Russell 2000® index and is traded on the Nasdaq Global Select MarketSM, a market for public companies that meet the highest listing standards in the world. 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 1,100 professionals, please visit www.perficient.com.
Safe Harbor Statement
This news release contains forward-looking statements that are subject to risk and uncertainties. These forwardlooking 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 are 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.