AUSTIN, Texas--(BUSINESS WIRE)--April 12, 2004--Perficient, Inc. (NASDAQ: PRFT - News), a leading eBusiness solutions provider to Global 3000 companies in the central United States, today announced it is raising its revenue guidance for the first quarter of 2004.
The company expects its Q1 revenue, net of reimbursed expenses, to be $7.8 million to $8.0 million, comprised of $6.6 to $6.7 million of services revenue and $1.2 million to $1.3 million of software revenue. This compares to the previous guidance range of $6.5 million to $6.9 million (which included $0.4 million of software revenue) provided in the fourth quarter and year-end 2003 news release and conference call on January 27, 2004. The revised guidance range does not include revenues from Genisys Consulting Inc, which was acquired by Perficient on April 2. The company will begin to include those revenues in Q2 2004 reporting.
"Perficient's Q1 performance was outstanding, delivering the best revenue quarter in our history," said Perficient chairman and chief executive Jack McDonald. "Software sales were particularly strong," he added. "We look forward to a great 2004 with the Genisys team on board."
Perficient is a leading provider of eBusiness solutions to Global 3000 companies in the Central United States. Perficient helps companies acquire and strengthen their customer relationships, reduce their costs and empower their employees by helping them create Enabled Enterprises(TM), Web-based infrastructures with dynamically integrated business applications that extend enterprise technology assets to customers, employees, suppliers and partners. Perficient is an award-winning "Premier Level" IBM business partner and a recognized expert in IBM's WebSphereÆ software. Perficient's other partners consist of leading eBusiness technology and services providers including Microsoft, Stellent, Bowstreet, Wily Technology, Tibco, Mainline, Digex, Fusion and others. For more information about Perficient, which has more than 210 professionals in the Central US and Canada, please visit http://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 forwardlooking statements, including our estimates of fourth quarter revenue, 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 forwardlooking 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, and other risks detailed from time to time in the company's filings with Securities and Exchange Commission, including the most recent Form 10-KSB and Form 10-QSB. The foregoing information concerning Perficient's business outlook represents our outlook as of the date of this news release, and Perficient undertakes no obligation to update or revise any forward-looking statements whether as a result of new developments or otherwise.