AUSTIN, Texas – March 1, 2007 --Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout the United States, today announced the company was recognized for its ‘promising prospects’ in the March 1st, 2007 edition of The Wall Street Journal.
In an article on page D2, Perficient is among eight companies listed as a ‘Hidden Gem’ in the Journal’s ‘Smart Money Stock Screen: Unheard of Stocks.’ According to the Journal, Perficient has ‘promising prospects’ but is underfollowed by the investment community.
Criteria for inclusion in the list included “modest stock valuations, rising earnings estimates and a history of positive surprises come reporting time.”
”We’re pleased to receive external validation like this from the Wall Street Journal,” said Jack McDonald, Perficient’s chairman and chief executive. “Perficient has grown from startup to a $200 million run-rate in just seven years and we continue to execute toward our goal of achieving $500 million in run-rate revenues by 2010.”
Perficient is a leading information technology consulting firm serving Global 2000 and other 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. 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 nearly 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.