Perficient Reports First Quarter 2019 Results

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Go back to Perficient Reports First Quarter 2019 Results

Perficient (PRFT) PT Raised to $36 at Needham & Company

May 2, 2019 2:19 PM EDT

Needham & Company analyst Mayank Tandon raised the price target on Perficient (NASDAQ: PRFT) to $36.00 (from $32.00) while maintaining a Buy rating.

The analyst commented, "PRFT reported strong 1Q19 results, which beat on both revenue and EPS. The company also raised its... More

Perficient, Inc. (PRFT) Tops Q1 EPS by 4c, Revenues Beat; Raises FY19 EPS/Revenue Guidance Above Consensus, Affirms 2Q EPS/Revenue Guidance Above Consensus

May 2, 2019 8:19 AM EDT

Perficient, Inc. (NASDAQ: PRFT) reported Q1 EPS of $0.43, $0.04 better than the analyst estimate of $0.39. Revenue for the quarter came in at $133.8 million versus the consensus estimate of $131.64 million.

For the quarter ended March 31, 2019:

Services revenue increased 11% to $132.9 million from $120.2 million in the first quarter of 2018;Total revenue increased 11% to $133.8 million from $120.9 million in the first quarter of 2018;Net income increased 43% to... More