Ups And Downs In Channel Company Stocks For Q1 2017

Perficient

CEO: Jeffrey Davis

Dec. 30, 2016: $17.49

March 31, 2017: $17.36

Change: -0.74%

Perficient has increasingly focused on digital transformation consulting services in the last year.

In January Perficient acquired RAS & Associates, a 40-man management consulting firm, in a move Perficient said would expand its service capabilities in such areas as systems integration, data reporting and analytics. The $9 million RAS provides consulting services in strategy, operations, and business processes.

For all of 2016, Perficient reported revenue of $487.0 million, up 3 percent from $473.6 million in 2015. But net income for the year decreased 11 percent to $20.5 million from $23.0 million. The annual results included an 11 percent year-over-year drop in fourth-quarter revenue to $119.6 million.