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Stifel, Nicolaus & Company Initiates Coverage on Perficient with 'Market OutPerform' Rating

Austin, TX—(BUSINESS WIRE)— 7/12/2004 Perficient, Inc. (NASDAQ: PRFT), a leading eBusiness solutions provider to Global 3000 companies in the central United States, today announced that Stifel, Nicolaus and Co., a subsidiary of Stifel Financial Corp. (NYSE: SF), has initiated equity research coverage on the company with a ‘Market OutPerform’ rating.

Peter Heckmann, Computer Services and Software Analyst at Stifel, ranked earlier this year as the #1 stock analyst in his industry by Forbes magazine, recently released a 15-page report on Perficient.

Perficient does not endorse or adopt any of the opinions, estimates, forecasts, conclusions or recommendations expressed by analysts. The information obtained in any report presented by analysts, expresses the views of the analysts, not Perficient. Perficient's management communicates the results of historical performance and future prospects regularly through media releases and in the company’s SEC filings.

About Perficient

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™, 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, 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

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, particularly with respect to results that could be anticipated in the future, that are subject to risk and uncertainties, including, but 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 and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.