Perficient: An Opportunity For Long-Term Technology Industry Bulls

courtneyk Investment Thesis: Perficient Inc. (NASDAQ: PRFT ) has been performing very well post Covid-19. The company has been capitalizing on the digital transformation opportunity, which will be accelerated at a CAGR of 16.5% with an expected investment of $6.3 trillion (about $19,000 per person in the US). The numbers look consistent for revenue , and EPS growth has been 21% over the last five years. The company has a long track record of success in providing IT consulting services combined with its focus on emerging technologies like cloud computing and artificial intelligence (AI). PRFT’s performance has remained solid despite economic headwinds over the past few years, making it one I plan to watch and evaluate going forward. What do they do? Perficient Inc is a digital transformation consulting firm that provides a range of services such as strategy, design, and technology solutions and is headquartered in St. Louis, Missouri, USA, with 7500 employees. The company also offers specialized services, including cloud computing, analytics & data management, mobile application development, eCommerce platforms & integration solutions. They creatively approach their work by embracing recent technologies, techniques, and design principles to deliver innovative and practical solutions to their clients. Recent Corporate […]

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