[June 18, 2013] Perficient Expands Stock Repurchase Plan [Manufacturing Close - Up] Tweet (Manufacturing Close - Up Via Acquire Media NewsEdge) Perficient, Inc., an information technology consulting firm serving Global 2000 and other enterprise customers throughout North America, has announced its board of directors has authorized an expansion of its share repurchase program, increasing the total authorization to $90 million from the previous total of $70 million. As of March 31, Perficient reported that it had spent $64.6 million on repurchasing 8.3 million shares (under the $70 million authorization) since its share repurchase program inception in March 2008. "Perficient continues to generate the operating cash flow necessary to invest in the business and execute against our M&A goals and share repurchase plan," said Jeffrey Davis, Perficient CEO and president. "We are pleased to be able to drive growth with strategic investments in our business while simultaneously returning capital to shareholders through a consistent and ongoing buyback program." More Information: perficient.com ((Comments on this story may be sent to [email protected])) (c) 2013 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ]