AUSTIN, Texas, January 9, 2006—Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm in the central United States, today announced it is raising its revenue guidance for the fourth quarter of 2005.
The company expects its Q4 services and software revenue, including reimbursed expenses, to be in the range of $29.0 million to $29.9 million, comprised of $24.8 million to $25.4 million of revenue from services including reimbursed expenses and $4.2 million to $4.5 million of revenue from sales of software. The revised guidance range of services revenue including reimbursed expenses would represent services revenue growth of 74.1% to 78.3% over the fourth quarter of 2004. This revised revenue guidance compares to the previous guidance range of $26.8 million to $28.2 million including reimbursed expenses (which included $2.2 million to $2.4 million of revenue from sales of software) provided in the third quarter 2005 earnings release and conference call on November 2, 2005.
“Q4 was an all time record revenue quarter for Perficient and a great close to an exceptional year,” said Jack McDonald, Perficient’s chairman and chief executive officer. “In 2005, we moved through the $100 million run-rate mark, received several prestigious industry and partner awards and continued to expand our footprint, furthering our position as the leading information technology consulting firm in the central U.S. We enter 2006 with substantial momentum and confident that we are capable of capitalizing on our opportunities for growth.”
Perficient is a leading information technology consulting firm serving Global 2000 and midsize companies in the central 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 and a Microsoft Gold Certified Partner. For more information about Perficient, which employs more than 575 professionals in the central United States and Canada, please visit www.perficient.com.
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