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Perficient Sees Q4 Revenue Drop, Reduces Costs

Austin-based Perficient, a provider of information technology consulting, announced its results this morning, saying that its fourth quarter revenues dropped by 9 percent, to $56.8M from $62.4M a year ago. According to the firm, is has made the "tough but necessary decision" to reduce costs at the firm, although the company did not detail what those cost reduction measures were or how many employees were affected. For the year, the firm reported that it had a revenue increase of 6 percent, to $231.5M.