Perficient Reports Non-GAAP EPS of $1.04, Revenue of $231.4M, Beating Estimates by $0.01 and $1.31M Respectively
May 3, 2023
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Additionally, their revenue of $231.4M beat projections by $1.31M. Perficient ($NASDAQ:PRFT) is a Nasdaq-traded leading digital transformation consulting firm that helps global organizations to modernize their legacy systems and optimize their operational performance. With an extensive portfolio of services, such as analytics, automation, cloud, and digital experience, the company assists its clients in achieving success in the ever-changing digital landscape. Their goal is to provide businesses with the most comprehensive, integrated expertise and resources needed to achieve their desired outcomes.
Earnings
The company earned $232.6M in total revenue and $26.46M in net income, representing an 8.3% increase in total revenue and a 484.1% increase in net income when compared to the same period last year. Additionally, PERFICIENT‘s total revenue has seen an impressive growth over the last three years, increasing from 162.55M USD to 232.6M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Perficient. More…
| Total Revenues | Net Income | Net Margin |
| 905.06 | 104.39 | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Perficient. More…
| Operations | Investing | Financing |
| 118.07 | -81.75 | -29.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Perficient. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 995.89 | 585.76 | 12.04 |
Key Ratios Snapshot
Some of the financial key ratios for Perficient are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.0% | 37.9% | 15.9% |
| FCF Margin | ROE | ROA |
| 12.0% | 22.7% | 9.0% |
Share Price
This news saw the stock open at the day’s high of $63.3 and close at $69.5, a rise of 8.9% from its previous closing price of $63.8. PERFICIENT has been able to achieve these impressive figures despite the uncertainties of the current economic climate, demonstrating their strength as a leading digital transformation consultancy. Live Quote…
Analysis
At GoodWhale, we recently conducted an analysis of PERFICIENT‘s wellbeing. Based on our Risk Rating, PERFICIENT is a medium risk investment in terms of financial and business aspects. Specifically, our analysis revealed two risk warnings in the income sheet and balance sheet. If you’re interested in learning more about what we found, please register on our website goodwhale.com for further details. We strive to provide investors with the most comprehensive and accurate information available so that they can make informed decisions. We invite our users to review our data and draw their own conclusions. With GoodWhale, you can trust that you are getting the best information available to make sound investments. More…
Peers
It operates in North America, Europe, and Asia Pacific. The company offers a wide range of IT services, including cloud computing, enterprise resource planning, big data, and application development. Its competitors include Datamatics Global Services Ltd, Helios and Matheson Analytics Inc, and ECS Biztech Ltd.
– Datamatics Global Services Ltd ($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 is an IT consulting and digital transformation company that recently released their non-GAAP earnings for the quarter. The results beat analyst expectations with $1.04 per share in earnings and $231.4 million in revenue, beating expectations by $0.01 and $1.31 million respectively. These positive results correspond to an increase in stock price when markets opened the same day.
Investing analysis of Perficient suggest that the company is financially strong and that there is potential for growth in the near future. Investors should take this positive financial performance into consideration when deciding whether or not to invest in the company.
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