secwatch.observer — SEC 8-K summary
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Issuer:     PERFICIENT INC (—)
CIK:        0001085869
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001085869-24-000080
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perficient to be acquired by EQT for ~$3B; Q1 revenue down 7% to $215M
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- Definitive agreement to be acquired by EQT affiliate for ~$3.0 billion; provides certain cash value for PRFT shareholders.
- Q1 revenue $215.3M (-7% YoY); GAAP EPS $0.33 (-56%); adjusted EPS $0.77 (-26%).
- Net income $11.6M (-57%); Adjusted EBITDA $36.5M (-27%).
- Withdraws 2024 financial guidance and suspends updates due to pending transaction; no earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085869/000108586924000080/0001085869-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085869/000108586924000080/prft-20240505.htm
  HTML page:      https://secwatch.observer/filing/0001085869-24-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer