Welcome to our dedicated page for Perficient news (Ticker: PRFT), a resource for investors and traders seeking the latest updates and insights on Perficient stock.
This page aggregates historical news and press releases related to Perficient, Inc., which previously traded on the Nasdaq under the symbol PRFT. Perficient describes itself in its own communications as a leading global digital consultancy that helps the world’s largest enterprises and biggest brands advance their business and achieve measurable results through technology.
News coverage for Perficient spans several themes. Transaction-related releases document the company’s agreement to be acquired by an affiliate of BPEA Private Equity Fund VIII (EQT Asia) and the subsequent closing of that acquisition, after which Perficient’s common stock ceased trading on the Nasdaq and the company became privately held. Index-related updates from S&P Dow Jones Indices show that Perficient (PRFT) was removed from the S&P SmallCap 600 index in connection with the transaction.
Operational and strategic announcements highlight Perficient’s work in digital transformation, cloud professional services, and AI. Examples include recognition as a Major Player in the IDC MarketScape: Worldwide Cloud Professional Services 2024 Vendor Assessment, the launch of the Scarlett AI chatbot for its global workforce, and updates from its Generative AI Innovation Group and GenAI Innovation Lab. Other releases describe partnerships with technology platforms such as Salesforce and participation in events like Dreamforce.
Perficient’s news also covers brand and partnership activity, such as multi-year agreements with the Atlanta Falcons and Atlanta United under AMB Sports and Entertainment, as well as other sports and sponsorship relationships mentioned in earnings releases. Earnings announcements provide historical context on revenue trends, profitability, non-GAAP metrics, and risk factors, including commentary related to the EQT transaction.
Investors and researchers can use this news archive to understand how Perficient presented its strategy, technology focus, partnerships, and corporate milestones during the period when PRFT was an active listing and through its transition to private ownership.
Perficient (Nasdaq: PRFT) announced its intention to offer $300 million in Convertible Senior Notes due 2026, subject to market conditions. The offering is targeted at qualified institutional buyers and may include an additional $45 million in Notes. Proceeds will be allocated to cash payments in exchange transactions, convertible note hedge transactions, and general corporate purposes. The Notes will be unsecured and subordinated to certain existing debts. Conversion may occur under certain conditions, and interest will be paid semi-annually.
Perficient, Inc. (Nasdaq: PRFT) reported a robust third quarter for 2021, showcasing a 22% revenue increase to $192.8 million and a remarkable 182% rise in net income to $17.4 million. GAAP earnings per share surged 153% to $0.48, driven by higher revenues and improved margins. Adjusted earnings per share rose 31% to $0.88, while Adjusted EBITDA increased 33% to $41.5 million. The recent acquisitions of Talos Digital and Overactive have strengthened Perficient's global presence, especially in South America, enhancing its offerings and capabilities.
Perficient, Inc. (NASDAQ: PRFT) announced its acquisition of Izmul S.A. (Overactive), a nearshore software development firm with approximately $40 million in annual revenue. This acquisition enhances Perficient's nearshore delivery capabilities in Latin America, adding locations in Colombia, Argentina, Uruguay, and Chile, and nearly 700 skilled professionals. The deal is expected to be accretive to adjusted earnings per share immediately and reflects Perficient's strategy to strengthen its digital consulting services and global delivery model.
Perficient, Inc. (NASDAQ: PRFT) has announced a conference call scheduled for October 28 at 11 a.m. ET to discuss its third quarter 2021 results. A news release containing these results will be available prior to the call. Investors can access the call via the company’s website or by calling 855-246-0403 for toll-free access and 414-238-9806 for international calls, using the passcode 7684663. Perficient is recognized as a leading global digital consultancy.
Perficient, Inc. (Nasdaq: PRFT) has announced the acquisition of Talos Digital, a Colombian commerce solution provider with approximately $10 million in annual revenue. This acquisition aims to enhance Perficient's nearshore delivery capabilities and expand its presence in Latin America, adding around 175 skilled professionals to its workforce. The deal is expected to be accretive to adjusted earnings per share immediately and strengthens Perficient’s commerce capabilities and strategic client relationships with Fortune 1000 companies across various sectors.
Perficient (Nasdaq: PRFT) has announced the launch of two new bootcamps as part of its Bright Paths Program in Detroit and Lafayette, Louisiana, aimed at enhancing STEM education for underrepresented communities. Following a successful initial cohort that graduated 22 women, the new training programs will partner with Strayer University's Hackbright Academy and Devmountain, featuring fully-paid training for up to 25 students each. The goal is to prepare participants for careers in software engineering and development, addressing the growing demand for digital expertise.
Perficient, Inc. (Nasdaq: PRFT) reported strong financial results for Q2 2021, with revenues rising 26% to $184.1 million and net income increasing 151% to $16.6 million year-over-year. GAAP earnings per share soared 145% to $0.49, while adjusted earnings per share grew 47% to $0.84. Adjusted EBITDA also climbed 48% to $39.0 million. Key achievements included 75% organic growth in offshore revenue and notable recognitions from industry leaders.
Perficient, Inc. (Nasdaq: PRFT) announced the graduation of 22 women from its inaugural Bright Paths Program, aimed at enhancing STEM education and career opportunities for underrepresented groups. Launched in partnership with Strategic Education, Inc., the program offered a coding bootcamp focused on software engineering. All qualified graduates secured full-time positions with Perficient or in the Detroit technology sector. The initiative is part of Perficient's commitment to diversity and equity in the technology industry.
Perficient (Nasdaq: PRFT) has been awarded Sitecore's Excellence in Solution Delivery for the Americas. This recognition highlights Perficient's expertise in deploying Sitecore products to enhance customer experiences. Brian Beckham, general manager of Perficient's Sitecore practice, emphasized the importance of digital customer experiences for business success. Sitecore's award acknowledges the significant contributions of partners in delivering exceptional customer experiences globally. Perficient, a Sitecore Platinum Implementation Partner, focuses on enterprise-level solutions powered by Sitecore Experience Platform.
Perficient, Inc. (Nasdaq: PRFT) has launched mybraFit™, a digital fitting platform for Wacoal, aimed at enhancing the shopping experience for lingerie customers. This innovative app provides personalized recommendations based on AI-powered scanning and user input. It addresses the outdated bra sizing norms and the shift to e-commerce due to COVID-19 by offering a tailored fitting experience. Fashion outlets like Vogue have recognized this technology as a significant improvement in digital fitting.