2024-03-05 11:58:45 ET
Summary
- Perficient, Inc. has reported Q4 2023 financial results that missed revenue and earnings estimates.
- The global market for digital transformation software and services is expected to reach $235 billion by 2031, with a CAGR of 13.16%.
- Perficient's revenue has been declining, and there is a lot of uncertainty about when client spending will improve.
- I'm Neutral [Hold] on Perficient stock due to stable earnings and will watch to see client spending trends in the quarters ahead.
Investment Outlook
Perficient, Inc. ( PRFT ) recently reported its Q4 2023 financial results, missing both revenue and earnings consensus estimates.
I previously wrote about PRFT in July 2026 with a Hold outlook on growing bookings amid client conservatism for new projects....
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For further details see:
Perficient Hopes For 2nd Half 2024 Client Spending Growth