AUSTIN, Texas--(BUSINESS WIRE)— October 13, 2004--Perficient, Inc. (NASDAQ: PRFT - News), a leading eBusiness solutions provider in the central United States, today announced it is raising its revenue guidance for the third quarter of 2004.
The company expects its Q3 services and software revenue, net of reimbursed expenses, to be in the range of $16.4 million to $16.8 million, comprised of $13.1 million to $13.4 million of services revenue and $3.3 million to $3.4 million of software revenue. This compares to the previous guidance range of $12.3 million to $12.9 million (which included $0.6 million of software revenue) provided in the second quarter 2004 news release and conference call on July 27, 2004. The revised guidance range represents annual growth of 127% to 133% over Q3 2003 results.
“Q3 was an outstanding quarter for Perficient, marked by strong organic growth and solid contribution from acquired businesses,” said chairman and chief executive Jack McDonald. “We continue to execute well on our plan to achieve $100 million in revenues by 2006.”
About Perficient
Perficient is a leading provider of eBusiness solutions 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™, 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 WebSphere® software. Perficient’s other partners consist of leading eBusiness technology and services providers including Microsoft, Adobe, ATG, Stellent, Bowstreet, Wily Technology, Tibco, Mainline, Digex, Grumium and others. For more information about Perficient, which has more than 320 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 forward-looking 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 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, 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.