Perficient Reports First Quarter 2021 Results

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Go back to Perficient Reports First Quarter 2021 Results

Perficient, Inc. (PRFT) Tops Q1 EPS by 8c, Revenues Beat; Raises FY21 EPS/Revenue Guidance, Offers 2Q EPS/Revenue Outlook

April 29, 2021 8:08 AM EDT

Perficient, Inc. (NASDAQ: PRFT) reported Q1 EPS of $0.75, $0.08 better than the analyst estimate of $0.67. Revenue for the quarter came in at $169.3 million versus the consensus estimate of $166.62 million.

For the quarter ended March 31, 2021:

Services revenues excluding reimbursable expenses increased 18% to $166.5 million from $141.0 million in the first quarter of 2020;Total revenues increased 16% to $169.3 million from $145.6 million in the first quarter of 2020;Net income increased 51% to $13.6 million from $9.0 million in the first quarter of 2020, reflecting, among other things, the continued mix shift to higher margin offshore delivery;GAAP... More