Perficient Completes Acquisition of Sundog Interactive - Seite 3

About Non-GAAP Financial Information
This news release includes non-GAAP financial measures. Perficient provides these non-GAAP financial measures as supplemental information regarding Perficient’s business performance. Perficient believes that these non-GAAP financial measures are useful to investors because they provide investors with a better understanding of Perficient’s past financial performance and future results. Perficient’s management uses these non-GAAP financial measures when it internally evaluates the performance of Perficient’s business and makes operating decisions, including internal operating budgeting, performance measurement, and the calculation of bonuses and discretionary compensation. For a reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (“GAAP”), please see the table below entitled “Reconciliation of GAAP to Non-GAAP Measures.” For a description of these non-GAAP financial measures, including the reasons management uses each measure and how they are calculated, please see Perficient’s filings with the SEC.

PERFICIENT, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (unaudited)

      Q2 2019     Full Year 2019

Low end of
adjusted
goal

   

High end
of adjusted
goal

Low end of
adjusted
goal

   

High end
of adjusted
goal

GAAP EPS $ 0.21 $ 0.24 $ 0.90 $ 1.02 Non-GAAP adjustment (1): Non-GAAP reconciling items 0.32 0.32 1.21 1.21 Tax effect of reconciling items   (0.07 )   (0.07 )   (0.29 )   (0.29 ) Adjusted EPS $ 0.46   $ 0.49   $ 1.82   $ 1.94    

(1) Non-GAAP adjustment represents the impact of amortization expense, stock compensation, amortization of debt discount and issuance costs, acquisition costs, and adjustments to fair value of contingent consideration, net of the tax effect of these adjustments, divided by fully diluted shares. Perficient currently expects its Q2 2019 and full year 2019 GAAP effective income tax rate to be approximately 28% and 24%, respectively.