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| Perficient, Inc. |
| 7600-B North Capital of Texas Highway, Suite 220, Austin, TX 78731 * (512) 306-7337 |
| Business Description | The company provide virtual professional services organizations to Internet software companies. A virtual professional services organization is a dedicated team of information technology professionals that plans, manages and executes software product implementations. This allows the Internet software companies we work with to focus on their core business of improving and selling their software without maintaining a large in-house professional services organization. |
| Offering Information Company has | |||
| Trading As | PRFT (NASSCM) | Industry | Internet (SIC 7371) |
| Type of Stock Offered | Common Shares | Filing Date | 05/12/1999 |
| Domestic Shares Offered | 1,000,000 | Offer Date | 07/28/1999 |
| Foreign Shares Offered | 0 | Filing Range | $7.00 - $8.00 |
| Company Shares | 1,000,000 | Offer Price | $8.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.800 |
| Gross Proceeds | $8,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 3,500,000 | Employees | 19 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Gilford Securities | Lead Manager | (800) 445-3673 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | |||
| Revenues | - | - | - | 0.000 | 0.826 | 0.039 | 0.312 |
| Income from Oper. | - | - | - | -0.019 | 0.068 | -0.025 | -0.025 |
| Net Income | - | - | - | -0.012 | 0.040 | -0.016 | -0.020 |
| E.P.S | - | - | - | -0.010 | 0.002 | -0.020 | -0.010 |
| Revenue Growth (%) | - | - | - | - | 701.42 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 8.21 | - | - |
| Net Profit Margin (%) | - | - | - | - | 4.87 | - | - |
| Cash Flow - Oper. | -0.06 | -0.03 | -0.10 | ||||
| Cash Flow - Inv. | -0.04 | -0.01 | - | ||||
| Cash Flow - Fin. | 0.10 | 0.04 | 0.17 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 0.63 | Current Assets | 0.59 | Current Ratio | 2.70 |
| Total Liab. | 0.22 | Current Liab. | 0.22 | Debt Ratio | 35.02% |
| Total Equity | 0.41 | Working Cap. | 0.37 | Debt to Equity Ratio | 0.54 |
| Cash | 0.10 | Return on Assets | 6.41% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for recruiting, training and equipping information technology professionals, expanding management and technology infrastructure, expanding physical facilities, working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Gibbons, Del Deo, Dolan, Griffinger & Vecchione |
| Registrar/Transfer Agent | Continental Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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| Industry Competition |
We compete in the Internet professional services market which is relatively new and intensely competitive. We expect competition to intensify as the market further develops and evolves. The principal competitive factors in our market include quality of service, speed of implementation, price and reputation. We believe that our competitors fall into several categories, including: Systems integrators, such as Cambridge Technology Partners, Sapient Corporation, Scient Corporation and Viant Corporation; Large consulting firms, such as Andersen Consulting and the consulting arms of the large accounting firms; Outsourcing firms, such as Computer Sciences Corporation, Electronic Data Systems and Perot Systems; Information technology staffing firms, such as Keane, Inc. and Renaissance Worldwide; Internet service firms, such as Proxicom, Inc. and USWeb Corporation; and In-house information technology departments of our current and potential partners. |