Perficient Inc (PRFT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	98,933	104,392	52,091	30,181	37,125
Revenue	US$ in thousands	906,541	905,062	732,031	607,596	565,527
Net profit margin		10.91%	11.53%	7.12%	4.97%	6.56%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $98,933K ÷ $906,541K
= 10.91%

The net profit margin of Perficient Inc. has shown fluctuations over the past five years. Starting from 6.56% in 2019, the margin increased to 11.53% in 2022, reflecting improved profitability. However, in 2023, the net profit margin slightly decreased to 10.92%. Despite the decline, the company has maintained a relatively healthy level of profitability compared to 2020 and 2021. It is important for Perficient Inc. to closely monitor and manage its expenses and revenue generation to sustain or improve its net profit margin in the future.