That may be fast for short strings, but given longer strings, it is much faster to precompute and then compare. 
use Benchmark qw/:all/;
use strict;
my $SQUARE;
my $MIN_NUMBER = 4;
my $MAX_NUMBER = 1000;
foreach my $number ($MIN_NUMBER..$MAX_NUMBER){
    my $square  = $number * $number;
    $SQUARE->{$square} = $number;
}
my $string = q(5973821902497150366459738219024971503664);

sub m_re {
    my $total_length;
    foreach my $square (keys %{$SQUARE}){
        if($string =~ /$square/) {
            my $length =  length($square);
            $total_length  += $length;
        }
    }
    return ($total_length);
}
sub m_index {
    my $total_length;
    foreach my $square (keys %{$SQUARE}){
        if(index($string, $square) > 0) {
            my $length =  length($square);
            $total_length  += $length;
        }
    }
    return ($total_length);
}

sub m_sqrt {
    my $total_length;
    my %seen;
    for my $start (0..length $string) {
        next if substr($string, $start, 1) eq '0';
        for my $length (1..(length($string)-$start)) {
            my $test = substr($string, $start, $length);
            my $sqrt = sqrt($test);
            if (!$seen{$test}++ and $sqrt == int $sqrt
                    and $sqrt >= $MIN_NUMBER and $sqrt <= $MAX_NUMBER)
+ {
                $total_length += $length;
            }
        }
    }
    return ($total_length);
}

cmpthese(1000, {
    "Regexp", \&m_re,
    "Index", \&m_index,
    "Sqrt", \&m_sqrt,
});

[download]
Gives: 
Benchmark: timing 1000 iterations of Index, Regexp, Sqrt...
     Index:  1 wallclock secs ( 0.98 usr +  0.01 sys =  0.99 CPU) @ 1010.10/s (n=1000)
    Regexp: 13 wallclock secs (12.20 usr +  0.02 sys = 12.22 CPU) @ 81.83/s (n=1000)
      Sqrt:  2 wallclock secs ( 2.27 usr +  0.01 sys =  2.28 CPU) @ 438.60/s (n=1000)
         Rate Regexp   Sqrt  Index
Regexp 81.8/s     --   -81%   -92%
Sqrt    439/s   436%     --   -57%
Index  1010/s  1134%   130%     --
(update: useless use of sub)

In reply to Re^2: Finding string for patterns by cazz
in thread Finding string for patterns by artist

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