Perficient, Inc. (NASDAQ:PRFT) Q1 2023 Earnings Conference Call August 4, 2022 11:00 AM ET

Company Participants

Jeff Davis - Chairman & Chief Executive Officer

Paul Martin - Chief Financial Officer

Tom Hogan - President & Chief Operating Officer

Conference Call Participants

Maggie Nolan - William Blair

Mayank Tandon - Needham Company

Brian Kinstlinger - Alliance Global

Surinder Thind - Jefferies

Jonathan Lee - Morgan Stanley

Puneet Jain - JPMorgan

Vincent Colicchio - Barrington Research

Jack Vander Aarde - Maxim Group

Divya Goyal - Scotiabank

Operator

Good day and thank you for standing by. Welcome to Perficient Q2 2022 Earnings conference call. At this time all participants are in a listen-only mode. After the speaker's presentation there will be a question-and-answer session. [Operator Instructions]. I would now like to hand the conference over to your speaker for today Jeff Davis Chairman and CEO. You may begin.

Jeff Davis

Thank you and welcome everybody. Appreciate your time. With me on the call today is Paul Martin our CFO and Tom Hogan our President and COO. We have 10 to 15 minutes of prepared comments per usual after which we'll open up the call for Q&A. Before we proceed Paul would you please read the CFO's statement?

Paul Martin

Thanks Jeff and good morning, everyone. Some of the things we will discuss in today's call concerning future company performance will be forward-looking statements within the meaning of the securities laws. Action results may purely differ from those discussed these forward-looking statements and we encourage you to refer to the additional information contained during FCC filings concerning factors that could cause those results to be different than contemplated in today's discussion.

At times during this call, we will refer to adjusted EPS and adjusted EBITDA, our earning press release including a reconciliation of certain non-GAAP financial measure to the most directly comparable financial measures prepared in accordance with generally accepted accounting principles or our GAAP. It is posted on our website at www.perficient.com. We have also posted a slide deck which includes a reconciliation of certain non-GAAP guidance to the most directly comparable financial measures prepared in accordance with GAAP on our website under investor relations. Jeff?

Jeff Davis

Thanks Paul. And once again we appreciate your time this morning as we discuss our second quarter performance and continued growth, as well as our optimism for the remainder of the year. Adjust earnings per share was up 26% during the period with revenue of 21%. North American average bill rates remained in an all-time high and offshore rates increased by double digits.