form8-kpressreleaseq2.htm
United
States
Securities
and Exchange Commission
Washington,
DC 20549
Form
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event
reported) August 9,
2007
PERFICIENT,
INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
|
001-15169
|
74-2853258
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
1120
South Capital of Texas Highway, Suite 220, Building 3, Austin,
Texas
|
78746
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant's
telephone number, including area
code (512)
531-6000
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On
August
9, 2007, Perficient, Inc. (the “Company”) announced its financial results for
the three and six months ended June 30, 2007. A copy of the press release issued
on August 9, 2007 announcing the financial results is attached hereto as Exhibit
99.1.
In
accordance with general instruction B.2 of Form 8-K, the information in this
report is furnished pursuant to Item 2.02, including the exhibit
hereto, shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities under that section, nor shall it be deemed to be incorporated by
reference in any filing under the Securities Act of 1933, as amended,
or the Securities Exchange Act of 1934, as amended.
ITEM
7.01 REGULATION FD DISCLOSURE
On
the
Company’s earnings call conducted on August 9, 2007, references were made to
certain non-GAAP net income per share historical results and
goals. The following provides a reconciliation of GAAP net income per
share to non-GAAP net income per share. The references made in the
earnings call were to actual results for 2006 and goals for 2007 and
2008.
|
|
2006
Actual
|
|
|
|
2007
Goal
|
|
|
|
2008
- Low end of goal
|
|
|
|
2008
- High end of goal
|
|
|
Full
Year GAAP Net Income Per Share
|
|
$ |
0.35
|
|
|
|
$ |
0.50
|
|
|
|
$ |
0.65
|
|
|
|
$ |
0.75
|
|
|
Impact
of non-GAAP items
|
|
|
(0.17 |
) |
(b)
|
|
|
(0.20 |
) |
(a)
|
|
|
(0.25 |
) |
(a)
|
|
|
(0.25 |
) |
(a)
|
Full
Year Non-GAAP Net Income Per Share
|
|
$ |
0.52
|
|
|
|
$ |
0.70
|
|
|
|
$ |
0.90
|
|
|
|
$ |
1.00
|
|
|
(a)
Non-GAAP items represent the impact of non cash amortization expense and non
cash stock compensation net of the related taxes divided by fully diluted shares
outstanding.
(b)
The
detailed components of non-GAAP items for the actual 2006 results are included
in our press release filed as an exhibit to Form 8-K dated February 22,
2007.
Safe
Harbor Statement
The
non-GAAP and GAAP net income per share goals for 2007 and 2008 outlined above
are estimates of future company performance and are forward-looking statements
within the meaning of the securities laws. These forward-looking
statements are subject to risk and uncertainties and are based on management's
current expectations and are subject to certain risks and uncertainties that
could cause actual results to differ materially from management's current
expectations and the forward-looking statements made in this
report. These risks and uncertainties include, but not limited to,
the impact of competitive services, demand for services like those provided
by
the company and market acceptance risks, fluctuations in operating results,
cyclical market pressures on the technology industry, the ability to manage
strains associated with the company's growth, credit risks associated with
the
company's accounts receivable, the company's ability to continue to attract
and
retain high quality employees, accurately set fees for and timely complete
its
current and future client projects, the company’s ability to identify, compete
for and complete strategic acquisition and partnership opportunities, and other
risks detailed from time to time in the company's filings with Securities and
Exchange Commission, including the most recent Form 10-K and Forms
10-Q.
In
accordance with general instruction B.2 of Form 8-K, the information in this
report furnished pursuant to Item 7.01 shall not be deemed to be “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section, nor shall
it be deemed incorporated by reference in any filing under the Securities Act
of
1933, as amended, or the Securities Exchange Act of 1934, as
amended.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
|
99.1
|
Perficient,
Inc. Press Release issued on August 9, 2007 announcing financial
results for the three and six months ended June 30,
2007.
|
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
PERFICIENT,
INC.
|
|
|
|
Date:
August 14, 2007
|
By:
|
/s/
Paul E. Martin
|
|
|
Paul
E. Martin
|
|
|
Chief
Financial Officer
|
Exhibit
Index
Exhibit
|
|
Number
|
Description
|
|
|
99.1
|
Perficient,
Inc. Press Release issued on August 9, 2007 announcing financial
results
for the three and six months ended June 30,
2007.
|