HERNDON, VA, May 17, 2019 (GLOBE NEWSWIRE) -- Deltek, the leading global provider of software and solutions for project-based businesses, is unveiling the 40th annual Deltek Clarity industry study results for A&E firms on Wednesday, May 22, during the first webcast in a series of six. The results, based on a survey of more than 700 North American architecture and engineering firms, identifies the key challenges impacting the industry, as well as highlights bright spots and forecasts future trends.
The Deltek study, created in partnership with AIA, ACEC, ACEC Canada and SMPS, serves as a roadmap for firms to understand the state of the A&E marketplace and provides detailed insight and analysis into financial statements, business development, project management, human capital management, and technology trends.
Key insights in this year’s report include:
- Firms reported higher utilization rates, and also showed signs of investing more in employee onboarding and professional development
- Employee turnover has increased for the second year in a row as firms continue to struggle to provide competitive compensation and retain the best and brightest talent
- For the tenth straight year, firms saw an increase in their operating profit on net revenue, showing financial strength across the industry
Visit deltek.com/clarity-ae to register for a webcast or to get a free copy of the report.
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 23,000 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. deltek.com