Perficient, Inc.


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Perficient, Inc.: Initiation Of Coverage – How Its Expansion In The Artificial Intelligence (AI) Domain Can Amplify Its Growth!


This is our first report on digital consultancy firm, Perficient Inc. The company reported its 2023 fourth quarter and full year results while also sharing its outlook for 2024. The second half of 2023 posed a challenge due to extended sales cycles and a shift in client buying behavior. However, several recent developments suggest that 2024 might witness a return to growth, particularly in the second half. A notable contributor to this optimism was the acquisition of SMEDIX earlier in the year. The SMEDIX team specializes in the development of software that drives medical devices. This makes Perficient a more formidable provider in the healthcare and life sciences industries. The majority of the nearly 200 colleagues who joined Perficient through the acquisition are based in Romania, making 60% of the company’s billable headcount now located outside the United States.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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