PERFICIENT INC
perficient.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 8, 2024. Its latest SEC filing is a SC 13G/A from Nov 8, 2024.
10-Q for Q2 FY2024, filed Aug 8, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides digital consulting services to large enterprises, helping them plan business changes and build software and data systems and digital customer experiences.
10-K for FY2023, filed Feb 27, 2024Perficient is a global digital consultancy transforming how the world’s biggest brands connect with customers and grow their businesses.…View ↗
Strategy and Transformation; Data and Intelligence; Platforms and Technology; Customer Experience and Digital Marketing; Innovation and…View ↗
We serve our Global 2000 and other large enterprise clients from locations in multiple markets throughout North America and through…View ↗
We help clients gain competitive advantage by using digital technology to: make their businesses more responsive to market opportunities…View ↗
How Did They Make Money?
Clients are billed for consulting work mainly by hours, generally monthly; some projects use a fixed rate per period or are invoiced on an agreed schedule as work progresses. Software and hardware are invoiced when third-party sales are arranged or internally developed software is made available to the client.
10-K for FY2023, filed Feb 27, 2024Professional services revenues are recognized over time as services are rendered. Most projects are performed on a time and materials…View ↗
Clients are typically billed monthly for services provided during that month but can be billed on a more or less frequent basis as…View ↗
Software and hardware revenues are comprised of third-party software and hardware resales, in which the Company is considered the agent…View ↗
$906.5M
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10-K for FY2023, filed Feb 27, 2024
$906.5M ↗
Who Were Their Customers?
Large enterprises, especially in North America, are the target clients; Perficient's sales force pursues them directly and works with software vendors' sales teams to find potential clients and projects.
10-K for FY2023, filed Feb 27, 2024We serve our Global 2000 and other large enterprise clients from locations in multiple markets throughout North America and through…View ↗
Sales and Marketing. As of December 31, 2023, we had a 191-person direct solutions-oriented sales force. We reward our sales force for…View ↗
We have sales and marketing partnerships with software vendors including Adobe, Appian, AWS, Databricks, Google, HCL Commerce, Informatica…View ↗
10-K for FY2023, filed Feb 27, 2024
Cash and accounts receivable potentially expose the Company to concentrations of credit risk. Cash is placed with highly rated financial…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 11 cents of every revenue dollar as net income in FY2023 and turned 15 cents into free cash flow.
10-K for FY2023, filed Feb 27, 2024
$137.5MView ↗
10-K for FY2023, filed Feb 27, 2024
$98.9MView ↗
10-K for FY2023, filed Feb 27, 2024
$138.5MView ↗
How Were They Changing?
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Oct 2, 2024
EQT completed its acquisition of Perficient
Perficient became privately held and its stock stopped trading on Nasdaq.
Sources
8-K, filed Oct 2, 2024
SAINT LOUIS (Oct. 2, 2024) – EQT is pleased to announce that BPEA Private Equity Fund VIII (“EQT Asia”) has successfully completed the…View ↗
Grew. Revenue grew 60% in 4 years, from $565.5M in FY2019 to $906.5M in FY2023, about 13% a year.
More integrated delivery
The older report described separate offshore, nearshore, and domestic delivery centers; the latest emphasizes a multi-shore, fully integrated global delivery model for client projects.
10-K for FY2020, filed Feb 25, 2021 10-K for FY2023, filed Feb 27, 2024We serve our Global 2000 and other large enterprise clients from locations in multiple markets throughout North America and through…View ↗
colleagues who have specializations that include application development, adapter and interface development, quality assurance and testing…View ↗
Nearshore Delivery. Our nearshore delivery team, based in Colombia, helps our clients lower costs while maintaining the highest quality.…View ↗
Who Did They Compete With?
Competes with Accenture, Deloitte Consulting, EPAM Systems, Globant, Endava, Infosys, Cognizant, and Wipro
10-K for FY2023, filed Feb 27, 2024global consulting firms, such as Accenture, Deloitte Consulting, EPAM Systems, Globant, and Endava; in-house professional services…View ↗
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