Perficient Stock Price, News & Analysis

Perficient, historically traded under the ticker PRFT on the Nasdaq Global Select Market, is described in public materials as a leading global digital consultancy. The company focuses on helping some of the world’s largest enterprises and biggest brands "boldly advance their business and drive real results through the power of technology," according to multiple Business Wire releases. Perficient is associated with the Information Technology and professional, scientific, and technical services space, and has been classified in the S&P SmallCap 600 index as an information technology constituent.

Perficient positions itself as a digital transformation and consulting specialist. Across its news releases, the company repeatedly states that its teams "imagine, create, engineer, and run digital transformation solutions" that help clients exceed customer expectations, outpace competition, and grow their business. Its workforce is described as a global team of strategists, designers, technologists, and engineers who work with Fortune 500 and other large enterprises to deliver technology-enabled business outcomes.

In an October 2024 announcement regarding its acquisition by BPEA Private Equity Fund VIII (EQT Asia), Perficient is characterized as "a leading global digital consultancy transforming the world’s largest enterprises and biggest brands." That transaction closed on October 2, 2024, at which point Perficient’s common stock ceased trading and the company "is no longer listed on the NASDAQ stock exchange" and "will operate as a privately held company." A separate release from S&P Dow Jones Indices notes that Perficient (PRFT) was deleted from the S&P SmallCap 600 index effective October 4, 2024, in connection with the EQT acquisition.

Before becoming privately held, Perficient emphasized its capabilities in areas such as cloud professional services, digital experience, analytics, and artificial intelligence. A July 2024 release reports that IDC MarketScape named Perficient a "Major Player" in its Worldwide Cloud Professional Services 2024 Vendor Assessment, noting Perficient as a midsized cloud services provider with technology transformation and experience design and build capabilities. Other releases highlight recognitions from Forrester and Appian for services spanning Adobe-related work, automation fabric services, and delivery excellence.

Perficient also invests in internal and client-facing AI initiatives. An August 2024 release describes the launch of "Scarlett," a proprietary AI-powered chatbot for its global workforce. Scarlett is portrayed as a personal intelligent agent that helps colleagues be more efficient by answering questions, connecting them with internal resources, providing translation services, sending reminders, and more. The company notes that Scarlett is built using resources such as a custom knowledge base, the Perficient Academy learning center, and technologies from Microsoft Azure and OpenAI, under the guidance of an internal AI policy and AI Steering Committee.

The same release explains that Perficient’s Generative AI Innovation Group and GenAI Innovation Lab have developed multiple use cases, including an accelerator for conversational mobile apps and tools to streamline internal processes like generating statements of work and requests for proposals. Perficient’s "award-winning AI practice" is described as specializing in analytics, big data, unstructured content management, enterprise search, digital experience, and business optimization, with the goal of helping businesses turn information into strategic assets.

Perficient’s consulting work spans partnerships with major technology platforms. A September 2024 release on Dreamforce 2024 notes that Perficient is a Salesforce Consulting Summit Partner with more than 15 years of experience and over 3,000 Salesforce solutions implemented. The company highlights capabilities across Salesforce Data Cloud, Einstein AI, Marketing Cloud, Experience Cloud, and industry-specific clouds, and emphasizes its focus on creating seamless, personalized customer experiences using AI-powered Salesforce Marketing Cloud solutions.

Perficient also builds its profile through partnerships in sports and entertainment. A September 2024 release announces a multi-year partnership with the NFL’s Atlanta Falcons and an extension of its relationship with MLS club Atlanta United, under the umbrella of AMB Sports and Entertainment. In that context, Perficient is described as the "Official Digital Strategy Partner" of the Atlanta Falcons, where it aims to apply its technology expertise and "cutting-edge digital technologies" to enhance fan interaction on game day and throughout the year. The Falcons partnership joins a roster that includes Atlanta United, the Dallas Mavericks, the Minnesota Timberwolves, the St. Louis Cardinals, and PGA TOUR professional Sepp Straka, as described in Perficient’s own news.

Financial news releases from 2024, issued while PRFT was still listed, show that Perficient reported quarterly revenues, net income, and non-GAAP metrics such as adjusted EBITDA, adjusted net income, and adjusted earnings per share. These releases emphasize that management uses non-GAAP measures like adjusted EBITDA to evaluate business performance and that such metrics are intended to give investors additional perspective on operations. They also include extensive risk factor discussions referencing competition, international operations, technology changes, executive leadership transitions, and the impact of the proposed merger with EQT.

After the announcement of the definitive agreement with EQT in early 2024, Perficient stated it would not host earnings conference calls or provide financial guidance while the transaction was pending. Following completion of the acquisition in October 2024, Perficient continues to describe its strategy as focusing on long-term global growth, expanding its global talent base, enhancing client relationships, and investing in next-generation digital offerings and capabilities, according to the acquisition closing release.

Trading status and historical context for PRFT

For investors researching the historical PRFT stock, it is important to note that Perficient’s common stock ceased trading on the Nasdaq before the market opened on October 2, 2024, in connection with its acquisition by EQT Asia’s BPEA Private Equity Fund VIII. S&P Dow Jones Indices separately confirmed that Perficient (PRFT) would be removed from the S&P SmallCap 600 index effective October 4, 2024. As a result, PRFT now represents a former public listing of Perficient, which operates as a privately held company following the completion of the transaction.

Business focus and capabilities

Across its public communications, Perficient consistently describes its role as imagining, creating, engineering, and running digital transformation solutions for large enterprises and major brands. The company highlights:

• A global team of strategists, designers, technologists, and engineers.
• Experience working with Fortune 500 clients and "the world’s largest enterprises and biggest brands."
• Capabilities in cloud strategy and implementation, as recognized by IDC MarketScape.
• Expertise in digital experience, commerce, analytics, and automation, as reflected in mentions in Forrester reports and partner awards.
• Internal and client-facing generative AI initiatives, including the Scarlett chatbot and a GenAI Innovation Lab.
• Partnerships with major technology platforms, including Salesforce, Adobe, and others referenced in third-party assessments and awards.

These elements, drawn from Perficient’s own news releases and third-party evaluations cited therein, frame Perficient as a consultancy that combines strategy, creative, and technology capabilities to support digital transformation initiatives across industries.

FAQs about Perficient (historical PRFT)