Bekker's Blog

Blog archive

Microsoft NSI Perficient Reports Q4 Growth, Interest in M&A

Perficient, a St. Louis-based IT consulting firm and Microsoft National Systems Integrator (NSI), reported strong fourth quarter earnings and expects to continue its growth trajectory in 2011, according to financial statements released this month.

The NASDAQ-traded company reported 18 percent revenue growth to $55.9 million for the final quarter of 2010 and 14 percent revenue growth to $215 million for the full year. Net income more than doubled to $1.3 million for the quarter and quadrupled to $6.5 million for the year.

"Perficient is beginning to benefit from meaningful operating leverage and while we expect revenue to increase substantially in the years ahead, we expect earnings to accelerate at an even faster rate," said Paul Martin, Perficient's CFO, in a statement.

Based on information midway through the first quarter of 2011, the company is telling investors that it expects Q1 revenues to be in the range of $55 million to $59 million.

"We see confidence returning to the IT spending market and we're well-positioned to realize several years of solid revenue and earnings growth," added Jeff Davis, Perficient's CEO and president, in the statement.

Part of the revenue growth should come from the acquisition in late 2010 of fellow Microsoft NSI speakTECH, of Costa Mesa, Calif. The $15 million deal brought Perficient a company that was doing $16 million in annual revenues. SpeakTECH's 120 employees brought the combined company to about 1,400 consulting, technology, sales and support professionals in North America. Perficient also acquired Kerdock Consulting LLC, an Oracle business intelligence and enterprise performance management consulting firm, in 2010.

According to Davis, Perficient is still looking for additional acquisitions: "We intend to continue to augment our organic growth with accretive M&A to scale quickly in the years ahead."

Posted by Scott Bekker on March 15, 2011


Featured

  • Microsoft Expands Copilots with Finance and OneDrive Additions

    New Microsoft Copilot generative artificial intelligence products and capabilities were described this week.

  • Microsoft Surface Hub 2S OS Upgrades Available

    Microsoft Surface Hub 2S users can now upgrade those devices to run the Teams Rooms on Windows operating system at no extra cost.

  • Windows 11 Upgrade Prompts Coming in April

    Microsoft plans to issue messages to Windows users in April, prodding them to upgrade to Windows 11 version 23H2.

  • Image of a futuristic maze

    The 2024 Microsoft Product Roadmap

    Everything Microsoft partners and IT pros need to know about major Microsoft product milestones this year.