Perficient, Inc. (PRFT) Tops Q4 EPS by 1c

Perficient, Inc. (NASDAQ: PRFT) reported Q4 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $119.6 million versus the consensus estimate of $115.82 million.

• Revenue decreased 11% to $119.6 million from $133.7 million for the fourth quarter 2015;
• Services revenue decreased 11% to $98.0 million from $110.3 million for the fourth quarter 2015;
• Net income decreased 51% to $3.7 million from $7.6 million for the fourth quarter 2015;
• GAAP earnings per share results on a fully diluted basis decreased to $0.11 from $0.22 for the fourth quarter 2015;
• Adjusted earnings per share results (a non-GAAP measure; see attached schedule, which reconciles to GAAP earnings per share) on a fully diluted basis decreased to $0.27 from $0.37 for the fourth quarter 2015; and
• EBITDAS (a non-GAAP measure; see attached schedule, which reconciles to GAAP net income) decreased to $15.4 million from $19.8 million for the fourth quarter 2015.

For earnings history and earnings-related data on Perficient, Inc. (PRFT) click here.

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