It does mean what you want to say, possibly, but it's not the clearest way of saying it.
Performant is being increasingly used, therefore it deserves to be considered a word. I still have misgivings about it though, largely because it seems redundant: you could instead say "fast" or "efficient".
If something's fast, why not just say so, instead of using the word performant?
And more performant is even sillier, when you could just say faster.
At the moment, it's still the sort of word you tend to see written in press releases or spoken by marketing people. To me it's a weasel-word like "premier", which sounds promising but technically meaningless and legally non-binding (what does "premier" actually mean? First, biggest, fastest, best-selling or highest ranking sales by value?)
The word performant could mean one of several things depending on the context (fast, efficient, small, optimal) and not using one of those alternative words suggests (to me) that the speaker/writer doesn't know what he's talking about, or for some reason doesn't want me to know what he's talking about.
Go ahead and use the word if you like, but I won't trust you, because you'll sound like a sales brochure.