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1. Company Snapshot

1.a. Company Description

Perficient, Inc.provides digital consultancy services and solutions in the United States.The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolio.


It also provides blockchain, cloud, commerce, corporate performance management, customer relationship management, content management systems, customer experience platforms, custom application development, DevOps, enterprise resource planning, integration and APIs, intelligent automation, Internet of Things, mobile, portals and collaboration, supply chain, product information management, and order management systems.In addition, the company offers analytics, content architecture, conversion rate optimization, creative design, email marketing, journey sciences, paid media and search, marketing automation research, SEO, and social media services; product development services, as well as a suite of proprietary products; and optimized global delivery solutions.It serves the healthcare, financial services, retail and consumer goods, manufacturing, automotive and transportation, telecommunications, energy and utilities, and life science markets.


Perficient, Inc.was incorporated in 1997 and is headquartered in St. Louis, Missouri.

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1.b. Last Insights on PRFT

Recent developments at Perficient, Inc. have been driven by its proposed merger with BPEA Private Equity Fund VIII, part of EQT AB, which is set to be voted on. The company has also been recognized as a Major Player in the IDC MarketScape for Worldwide Cloud Professional Services 2024 Vendor Assessment, highlighting its expertise in cloud professional services. Despite missing Q2 earnings and revenue estimates, Perficient's strong position in the cloud services market is a positive driver.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Perficient and Swantide to Disrupt Traditional Salesforce Service Delivery with AI-First Partnership

Nov -19

Source: businesswire.com

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Perficient Appointed to Microsoft's 2025-2026 AI Inner Circle

Oct -21

Source: businesswire.com

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Perficient and Salesforce Announce 360-Degree Partnership to Power Agentic Enterprises

Oct -02

Source: businesswire.com

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Perficient's Award-Winning Healthcare Research Reveals Increased Demand for Digitally Enabled Access to Care

Oct -01

Source: businesswire.com

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Perficient Named a Major Player in IDC MarketScape for Worldwide IT and Engineering Services for Software-Defined Vehicles

Sep -16

Source: businesswire.com

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Perficient and Writer Announce Strategic Partnership to Revolutionize Enterprise AI Adoption

Aug -28

Source: businesswire.com

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Perficient Appoints Rajesh Mehta as CFO; Paul Martin To Retire

Jul -18

Source: businesswire.com

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Perficient Research Finds Disconnect Between Business Executives and Their Employees on Generative AI Adoption

May -06

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.71%)

6. Segments

Time and Materials Contracts

Expected Growth: 6%

Perficient's 6% growth in Time and Materials Contracts is driven by increasing demand for digital transformation services, expansion into new industries, and strategic partnerships. Additionally, the company's expertise in emerging technologies such as cloud, AI, and cybersecurity, as well as its strong client relationships, have contributed to this growth.

Fixed Fee Contracts

Expected Growth: 5%

Perficient's Fixed Fee Contracts growth is driven by increasing demand for digital transformation services, expansion into new industries, and strategic partnerships. The company's expertise in cloud, AI, and cybersecurity solutions also contributes to growth. Additionally, Perficient's ability to deliver projects efficiently and effectively, resulting in high client satisfaction, leads to repeat business and referrals, further fueling growth.

Fixed Fee Percent Complete Contracts

Expected Growth: 5%

Perficient's Fixed Fee Percent Complete Contracts growth is driven by increasing demand for digital transformation services, expansion into new industries, and strategic acquisitions. The company's expertise in cloud, AI, and cybersecurity solutions also contributes to growth. Additionally, Perficient's strong partnerships with leading technology vendors, such as Microsoft and Oracle, further enhance its growth prospects.

Reimbursable Expenses

Expected Growth: 4%

Perficient's 4% growth in Reimbursable Expenses is driven by increasing demand for digital transformation services, expansion of existing client relationships, and strategic acquisitions. Additionally, the company's focus on cloud, cybersecurity, and ERP consulting services has led to higher reimbursable expenses. Furthermore, Perficient's global delivery model and cost-plus pricing structure also contribute to the growth.

Other Services

Expected Growth: 3%

Perficient's Other Services segment growth is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity services. Strong relationships with key partners like Microsoft, Oracle, and IBM, as well as strategic acquisitions, have expanded the company's service offerings and geographic reach, contributing to the segment's growth.

Software and Hardware

Expected Growth: 8%

Perficient's 8% growth in Software and Hardware is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity solutions. The company's expertise in emerging technologies such as AI, IoT, and blockchain also contributes to growth. Additionally, Perficient's strong partnerships with leading technology vendors and its ability to provide end-to-end solutions to clients further fuels growth.

7. Detailed Products

Digital Transformation

Perficient's digital transformation services help clients navigate the complexities of digital transformation, from strategy to implementation, to achieve business outcomes.

Cloud and Infrastructure

Perficient's cloud and infrastructure services help clients design, build, and manage scalable, secure, and efficient IT environments, leveraging cloud, hybrid, and on-premises solutions.

Customer Experience

Perficient's customer experience services help clients create personalized, omnichannel experiences that drive engagement, loyalty, and revenue growth.

Data and Analytics

Perficient's data and analytics services help clients unlock insights, drive business outcomes, and create data-driven cultures.

Enterprise Technology

Perficient's enterprise technology services help clients implement, integrate, and optimize enterprise software solutions, including ERP, CRM, and HCM systems.

Security and Risk

Perficient's security and risk services help clients protect their businesses from cyber threats, ensure compliance, and manage risk.

8. Perficient, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Perficient, Inc. operates in a highly competitive industry, and there are many substitutes available for its services. However, the company's strong brand reputation and expertise in digital transformation and IT consulting help to mitigate the threat of substitutes.

Bargaining Power Of Customers

Perficient, Inc.'s customers are primarily large enterprises and government agencies, which have limited bargaining power due to the company's specialized services and expertise.

Bargaining Power Of Suppliers

Perficient, Inc. relies on a network of suppliers for its technology and infrastructure needs. While the company has some bargaining power due to its size and reputation, suppliers still have some leverage due to the specialized nature of their products and services.

Threat Of New Entrants

The IT consulting and digital transformation industry is highly competitive, and new entrants can easily enter the market with innovative solutions and competitive pricing. Perficient, Inc. needs to continuously innovate and differentiate itself to stay ahead of new entrants.

Intensity Of Rivalry

The IT consulting and digital transformation industry is highly competitive, with many established players and new entrants vying for market share. Perficient, Inc. faces intense competition from companies like Accenture, Deloitte, and IBM, which can lead to pricing pressure and reduced margins.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 43.22%
Debt Cost 3.95%
Equity Weight 56.78%
Equity Cost 11.23%
WACC 8.08%
Leverage 76.11%

11. Quality Control: Perficient, Inc. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Paymentus

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Growth: 6.6

Quality: 6.8

Yield: 0.0

Momentum: 8.0

Volatility: 3.7

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EPAM Systems

A-Score: 4.3/10

Value: 3.9

Growth: 6.9

Quality: 7.0

Yield: 0.0

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A-Score: 4.1/10

Value: 9.3

Growth: 4.4

Quality: 4.8

Yield: 0.0

Momentum: 1.0

Volatility: 5.0

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Perficient

A-Score: 3.2/10

Value: 0.6

Growth: 7.2

Quality: 4.6

Yield: 0.0

Momentum: 5.0

Volatility: 1.7

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A-Score: 3.1/10

Value: 6.8

Growth: 4.7

Quality: 4.1

Yield: 0.0

Momentum: 1.5

Volatility: 1.7

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

75.96$

Current Price

75.96$

Potential

-0.00%

Expected Cash-Flows