[June 18, 2013] Perficient Reports Increasing Stock Repurchase Plan [Professional Services Close - Up] Tweet (Professional Services Close - Up Via Acquire Media NewsEdge) Perficient, Inc., an information technology consulting firm serving Global 2000 and other customers throughout North America, 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. In a release dated June 13, the Company noted that as of March 31, Perficient 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 ]