LOGO
LOGO

Quick Facts

Perficient Acquires Clear Task; Lifts FY13 Revenue Guidance - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Perficient Inc. (PRFT) announced that it has acquired San Francisco-based Clear Task Inc., a consulting firm focused entirely on the salesforce.com product suite.

The consideration paid in the transaction is about $7.9 million and includes $6.3 million in cash and about $1.6 million worth of Perficient common stock, which is based on the average closing price of Perficient's common stock on the Nasdaq Global Select Market for the thirty trading days immediately preceding the acquisition close per the terms of the acquisition agreement.

Additional consideration of up to $3.7 million is subject to certain financial achievements and working capital provisions.

Clear Task Chief Executive Officer Andrew O'Driscoll and Vice President of Sales and Services Marc LeCours join Perficient in key leadership roles.

Perficient said its current annualized revenues are now approaching $380 million. The transaction is expected to be accretive to adjusted earnings per share immediately.

With the acquisition, the company raised its full year 2013 revenue guidance to a range of $362 million to $382 million from the prior estimate of $358 million to $378 million. Analysts polled by Thomson Reuters expected the company to report revenues of $363.32 million for fiscal 2013. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19