Perficient Reports First Quarter 2020 Results
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Perficient, Inc. (PRFT) Tops Q1 EPS by 1c, Revenues Beat; Withdraws FY20 Guidance
May 7, 2020 8:07 AM EDTPerficient, Inc. (NASDAQ: PRFT) reported Q1 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $145.56 million versus the consensus estimate of $144.53 million.
Financial Highlights
For the quarter ended March 31, 2020:
Services revenues increased 9% to $145.4 million from $132.9 million in the first quarter of 2019;Total revenues increased 9% to $145.6 million from $133.8 million in the first quarter of 2019;Net income increased 28% to $9.0 million from $7.0 million in the first quarter of 2019;GAAP earnings per share results on a fully diluted basis increased 23% to $0.27 from $0.22 in the first quarter... More