Deltek Releases the 45th Annual Deltek Clarity Architecture & Engineering Industry Study Revealing Increased Industry Stability and Optimism About Future Growth
The latest report shows that firms effectively navigated economic uncertainties and rising costs to achieve healthy, although essentially flat, operating profit margins year-over-year. Reaching that steady state, relative to the volatility firms experienced in the past few years, enabled A&E leaders to focus on driving operational efficiencies, staff utilization and exploring technology to provide an additional edge.
Key findings from the report include:
"Firms continue to have an optimistic outlook. The A&E industry had a fairly flat but stable year in terms of financial performance in 2023 and is continuing to see revenue growth year over year, which was welcome after several years of economic volatility. It's great to see firms continue to focus on upskilling existing talent and strategically investing in technology like AI to improve efficiency," said Megan Miller, Director of Product Marketing at Deltek. "For the year ahead, firms should continue to focus on engaging employees, and invest resources into education and expertise to identify which emerging tech tools to take advantage of and how best to deploy them."
The full report is now available to download. To learn more about this industry market research, join the Deltek Clarity Architecture & Engineering webinar on May 9.
About Deltek
Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue.
www.deltek.com
Deltek Contact
Deltek Media Relations Team
[email protected]
View original content:
