Perficient Stock Price, News & Analysis

Perficient, Inc. (Nasdaq: PRFT) has successfully implemented an advanced order management system (OMS) for Sally Beauty Holdings, enhancing its ability to fulfill customer orders during and after the COVID-19 pandemic. This solution integrates with existing technologies, allowing for features like split shipment and automation. Key improvements include a new ship-from-store ecommerce option in 245 stores and same-day delivery in 1,046 Cosmo Prof locations. These changes have led to over 2 million shipments and a significant reduction in order cancellations, ultimately boosting customer satisfaction.

Perficient, Inc. (Nasdaq: PRFT) reported strong financial results for Q1 2021, with services revenues up 18% to $166.5 million and total revenues increasing 16% to $169.3 million compared to Q1 2020. Net income surged 51% to $13.6 million, while GAAP EPS rose 52% to $0.41. The company anticipates Q2 2021 revenue between $173 million and $179 million and is raising its full-year revenue outlook to $685 million-$710 million. Perficient's offshore revenue grew 130%, showcasing significant acceleration in growth and reinforcing its market position as a leading digital consultancy.

Perficient (Nasdaq: PRFT) announced the successful migration of MonkeySports to Magento 2, enhancing its digital commerce experience across the U.S. and Canada. This upgrade increased sales by 50% in Canada and 10% in the U.S. within weeks. Perficient's partnership streamlined product management and integrated Product Information Management software, improving functionality and operational efficiency. The migration's benefits will be discussed at the virtual Adobe Summit 2021, where Perficient will showcase its expertise as an Adobe Platinum Partner.

Perficient (Nasdaq: PRFT) has been recognized as the fourth-largest healthcare IT consulting firm in Modern Healthcare’s 2021 survey, improving its rank by two positions from the previous year. The survey evaluated firms based on provider revenue, health IT contracts, and consultant numbers. Perficient highlights ongoing growth and its commitment to enhancing healthcare delivery and patient experience through digital strategies amidst a competitive environment. The firm aims to help healthcare organizations meet consumer needs while navigating regulatory demands.

Perficient, Inc. (Nasdaq: PRFT) will host a conference call on April 29 at 11 a.m. ET to discuss its first quarter 2021 results. A news release with these results will be available before the call. Analysts and investors can participate by calling toll-free at 855-246-0403 or internationally at 414-238-9806, using the passcode 3929328. Attendees are encouraged to join at least 10 minutes early. Perficient specializes in digital transformation solutions for large enterprises, aiming to enhance customer experiences and competitive advantage.

Perficient (Nasdaq: PRFT) collaborates with the Mark Cuban Foundation to offer a free AI Bootcamp for high school students in Dallas, focusing on underserved communities. The program aims to introduce students to artificial intelligence concepts via seminars and hands-on exercises, emphasizing participation from girls and students of color. No prior programming experience is needed. The bootcamp runs for four Saturdays, starting in October 2021, across multiple cities. Students will learn about AI applications and ethical implications, supported by mentorship from Perficient volunteers.

Perficient reported strong financial results for Q4 and year-end 2020, with service revenues up 13% YoY to $158.9 million. Total revenues grew 12% to $162.6 million. However, net income dropped 29% to $8.4 million amid increased expenses and acquisition costs. Adjusted EPS rose 31% to $0.76 per share, while adjusted EBITDA increased 32% to $35 million. For the year, service revenues climbed 10% to $599.5 million, but net income fell 19% to $30.2 million. Despite challenges, CEO Jeffrey Davis emphasized ongoing digital transformation and growth opportunities, anticipating further revenue and margin expansion.