Perficient Intrinsic Value Calculation – PERFICIENT Reports 3.8% Year-Over-Year Increase in Revenue for 2nd Quarter of FY2023

☀️Earnings Overview

On June 30, 2023, PERFICIENT ($NASDAQ:PRFT) reported their second quarter FY2023 results, with total revenue at USD 231.1 million, a 3.8% rise year-on-year. Net income for the period was USD 26.4 million, however, this represented a 5.1% decrease from the same period in the preceding year.

Analysis – Perficient Intrinsic Value Calculation

GoodWhale conducted an analysis of PERFICIENT‘s wellbeing, and determined its intrinsic value to be around $93.6. This value was calculated using GoodWhale’s proprietary Valuation Line, which takes into consideration various factors such as financial performance, competitive environment, and market sentiment. Currently, PERFICIENT’s stock is traded at $67.0, which is 28.4% lower than the intrinsic value determined by GoodWhale. This presents an opportunity for investors to buy the stock at a discounted price. In addition, GoodWhale’s analysis suggests that PERFICIENT is a strong company with a bright future, making it an attractive investment opportunity. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Perficient. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Perficient. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Perficient. More…

Key Ratios Snapshot

Some of the financial key ratios for Perficient are shown below. More…

Peers

It operates in North America, Europe, and Asia Pacific. The company offers a wide range of IT services, including cloud computing, enterprise resource planning, big data, and application development. Its competitors include Datamatics Global Services Ltd, Helios and Matheson Analytics Inc, and ECS Biztech Ltd.

– Datamatics Global Services Ltd ($BSE:532528)

Datamatics Global Services Ltd is a leading provider of data and analytics solutions. The company has a market cap of 18.07B as of 2022 and a return on equity of 14.41%. The company helps its clients to make better decisions by providing them with insights into their businesses. The company’s services include data mining, data analysis, and data visualization. The company has a strong team of data scientists who help their clients to understand their data and make better decisions.

– Helios and Matheson Analytics Inc ($OTCPK:HMNY)

Helios and Matheson Analytics Inc is a provider of information technology services and products. The company has a market cap of 7.01M and a ROE of -58.88%. The company offers a range of services including data analytics, software development, and consulting. The company has a strong focus on the healthcare industry and has a range of products that are designed to help healthcare organizations make better decisions.

– ECS Biztech Ltd ($BSE:540063)

ECS Biztech Ltd is a publicly traded company with a market capitalization of 140.19M as of 2022. The company has a Return on Equity of -1.38%. ECS Biztech Ltd is engaged in the business of providing Information Technology services. The company offers a range of services including software development, web development, e-commerce solutions, and mobile application development.

Summary

PERFICIENT reported their second quarter financial results for FY2023, with total revenue of USD 231.1 million, a 3.8% increase year over year. Despite the growth, net income declined by 5.1% to USD 26.4 million compared to the same period last year. The stock price dropped the same day which could indicate the market’s concern for the company’s financial performance. Investors should consider the macroeconomic situation and any potential risks that could impact the company’s growth before investing in PERFICIENT.