Perficient, Inc. (NASDAQ:PRFT) Q4 2023 Earnings Conference Call February 26, 2024 8:00 AM ET

Company Participants

Tom Hogan - President & CEO

Paul Martin - CFO

Conference Call Participants

Jesse Wilson - William Blair

Mayank Tandon - Needham & Company

Brian Kinstlinger - Alliance Global Partners

Vincent Colicchio - Barrington Research

Jack Vander Aarde - Maxim Group

Puneet Jain - JPMorgan

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter 2023 Perficient Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would like now to turn the conference over to Tom Hogan, President and CEO. Please go ahead.

Tom Hogan

Good morning, everyone. This is Tom Hogan, Perficient's President and CEO, and with me on the phone today is Paul Martin, our CFO. I'd like to thank you for your time this morning. As usual, we'll have some prepared comments, after which we'll open the call up for some questions.

Paul, can you please read the safe harbor statement.

Paul Martin

Thanks, Tom, 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. Actual results may materially differ from those discussed in these forward-looking statements, and we encourage you to refer to the additional information contained in our SEC filings concerning factors that could cause these results to be different than contemplated in today's discussions. At times during this call, we will refer to adjusted EPS and adjusted EBITDA.

Our earnings press release, including a reconciliation of certain non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with generally accepted accounting principles or GAAP, 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. Tom?

Tom Hogan

Thanks, Paul. Good morning again everybody. We appreciate your time as we discuss Perficient’s fourth quarter and full year results and share outlook for 2024. As we've previously discussed, the second half of 2023 was a challenge with extended sales cycles and a shift in client buying behavior. That said, several things have happened in recent weeks that give us optimism that in 2024 we will return to growth, particularly in the second half.