Global Digital Consultant Perficient Considering Potential Sale: Report
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Perficient is considering a sale to another IT company or to private equity, according to Bloomberg which cited unnamed people familiar with the matter, but the company in the end could also pass on such a sale, Bloomberg reported.
Global digital consulting company Perficient appears to be looking at a potential sale.
Bloomberg, citing unnamed people familiar with the matter, Tuesday reported that St. Louis-based Perficient is working with advisors to explore “strategic options” and assess potential interest of investors in acquiring the company. Those investors could include IT industry companies and private equity firms, Bloomberg said.
Bloomberg said no decision has been made by Perficient, and that Perficient could decide to remain a publicly listed company.
[Related: Perficient Taps COO Tom Hogan To Become Next CEO This Fall]
Perficient did not respond to a CRN request for more information by press time.
Perficient, ranked No. 56 in the CRN 2023 Solution Provider 500, is a global business, with operations in North and South America, Europe, and India. According to Perficient, the company has about 7,000 employees across over 40 locations worldwide, and counts about 300 of the Fortune 1000 businesses as customers.
For its full fiscal year 2023, which ended December 31, Perficient reported total revenue of $906.54 million, up slightly from $905.06 million in 2022 and considerably from the $761.03 it reported for fiscal 2022. However, per-share net income fell 5 percent year-over-year in 2023 on a GAAP basis and 8 percent on a non-GAAP basis.
Perficient currently has a market capitalization of $1.67 billion, which is down 27.1 percent from its December 31 market cap of $2.29 billion. Its market cap peaked in 2021 at $4.26 billion.
Perficient is slated to report its first fiscal 2024 financials on May 6.
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Perficient is considering a sale to another IT company or to private equity, according to Bloomberg which cited unnamed people familiar with the matter, but the company in the end could also pass on such a sale, Bloomberg reported. Global digital consulting company Perficient appears to be looking at a potential sale. Bloomberg, citing unnamed…