Latest news with #Deltek
Yahoo
21-05-2025
- Business
- Yahoo
Roper Exhibits Strong Prospects Despite Persisting Headwinds
Roper Technologies, Inc. ROP is benefiting from strength across its segments. Solid momentum across the Deltek, Vertafore, PowerPlan and Aderant businesses bodes well for the Application Software segment. The growing adoption of SaaS solutions and continued GenAI innovation are key catalysts to Aderant's growth and solid demand for SaaS solutions in the GovCon and private sectors and cloud offerings bode well for the Deltek business. The Vertafore business is gaining from excellent enterprise delivery capabilities to the largest customers in the market, which has also resulted in strong annual recurring revenue (ARR) growth. Strong customer retention and adoption of new SaaS solutions are aiding the PowerPlan demand for Gen AI-powered solutions within the ConstructConnect business and strong customer retention are fostering the growth of the Network Software segment. Increased average revenue per user (ARPU), driven by a rise in product packaging and continued customer cross-sell activity, is supporting the DAT business. Continued growth in SoftWriters and SHP alternate site healthcare businesses bodes well for the Technology enabled Products segment's growth is being supported by the solid performance of the Neptune business, due to continued demand for ultrasonic meters. Strength in the Verathon business, driven by strength across single-use BFlex & GlideScope offerings, bodes well for the segment. Strength in the NDI business, driven by strong demand for cardiac & orthopedic surgical programs, is aiding the segment as solidified its product portfolio and leveraged business opportunities through asset additions. It's worth noting that acquisitions boosted the company's sales by 8% in the first quarter of 2025. In March 2025, Roper signed a definitive deal with Insight Partners to acquire CentralReach, a provider of SaaS solutions for Applied Behavior Analysis treatment. The inclusion of CentralReach's leading software solutions, high recurring revenue mix and strong customer retention capability is expected to boost the company's organic revenue and EBITDA growth. Management expects the transaction to be completed in April/May 2025, conditioned on the fulfillment of certain customary closing December 2024, Roper's business unit, DAT Freight & Analytics, completed the acquisition of Trucker Tools LLC. The acquisition will enable the company to strengthen DAT's real-time GPS tracking and load optimization features on the DAT One platform. During the third quarter of 2024, Roper completed the acquisition of Transact Campus. The inclusion of Transact's expertise in campus technology and payment solutions enabled the company to boost its CBORD business, which provides food service, nutrition, access and security and campus commerce commitment to rewarding shareholders through dividends and share buybacks is encouraging. In the first quarter, the company rewarded its shareholders with a dividend payment of $88.6 million, up 10.1% year over year. Also, in 2024, it rewarded its shareholders with dividend payments of $321.9 million, up 10.9% year over year. In November 2024, the company hiked its dividend by 10%.In the year-to-date period, this Zacks Rank #3 (Hold) company's shares have gained 11.7% against the industry's 5.0% decline. Image Source: Zacks Investment Research ROP is dealing with escalating costs and expenses. In the first quarter of 2025, the cost of sales increased 17.9% year over year while selling, general and administrative expenses climbed 9.8%. Cost of sales, as a percentage of sales, was 31.3%, up 260 basis points year over year. Higher costs related to the amortization of acquired assets are pushing up operating expenses. Escalating costs, if not controlled, may impede the company's bottom has considerable exposure to overseas markets. This brings social and environmental risks as well as forex woes. A stronger U.S. dollar is weighing on the company's overseas business performance. Some better-ranked companies are discussed below:Unisys Corporation UIS currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks delivered a trailing four-quarter average earnings surprise of 46.9%. In the past 60 days, the Zacks Consensus Estimate for Unisys' 2025 earnings has increased 132%.Cognizant Technology Solutions Corporation CTSH presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 6.4%.In the past 60 days, the consensus estimate for CTSH's 2025 earnings has increased 1.6%. Ltd. TBLA presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 12.3%.The Zacks Consensus Estimate for TBLA's 2025 earnings has increased20% in the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report Roper Technologies, Inc. (ROP) : Free Stock Analysis Report Unisys Corporation (UIS) : Free Stock Analysis Report Ltd. (TBLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Baker Tilly Case Study: Global Engineering and Defense Technologies Provider Successfully Implements Deltek Costpoint
CHICAGO, IL / / May 15, 2025 / Baker Tilly: Client background HII Mission Technologies (Huntington Ingalls Industries) is the largest military shipbuilder and a global engineering and defense technologies provider, with over 135 years in trusted partnerships with the US national security. As HII has evolved and built a longstanding shipbuilding legacy, they've advanced to provide delivery critical technology solutions. These include unmanned systems, artificial intelligence and machine learning, synthetic training, electronic warfare, and C5ISR: Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance. HII's ongoing digital transformation efforts extend into all business areas and impact the entire workforce. The business challenge When HII completed an acquisition that doubled its size, two ERP systems needed to be combined to ensure operations went smoothly. The newly acquired company needed to be quickly converted into the same ERP system that HII had been relying upon for so many years. Integrating such an enormous entity into HII's Costpoint infrastructure would be a challenging project. HII has over 7,000 employees, with all of them using their timekeeping capabilities and Costpoint. In addition, HII works with 1,200 subcontractors that also rely on the time system, program managers and project controllers, all managing and monitoring projects and back-office staff. Baker Tilly, as a Deltek system's integrator, worked with HII and synchronized systems across the two organizations and ensured the needs of both sides were met. Strategy and solution Deltek Costpoint has been HII's ERP of choice for operations management for more than two decades. As Costpoint's ERP is project-based and built specifically for government contractors, it offers an all-in-one system delivering innovation and intelligence across the project lifecycle. Baker Tilly helped HII implement Costpoint for the newly acquired company. Despite the size and complexity of the implementation, Baker Tilly successfully completed the project in months. "I think it's important to focus on the scale and timeline of this project," says Colt Meraw, Senior Manager on Baker Tilly's team. "HII acquired a multibillion-dollar company that was running on a JAMIS system, and we were able to successfully complete a mid-year conversion within just six months." As part of the integration project, Baker Tilly also worked closely with Deltek Global Consulting's data conversion team to help them translate requirements and convert and validate data. Having completed in June 2022, and experiencing six months on a combined system, HII is still harvesting benefits and seeing huge success. Why choose Baker Tilly Baker Tilly was Deltek's first strategic alliance partner to provide consultancy services as part of their ERP implementation project. Helping government contractors leverage technology solutions through specialist knowledge and project management rigor. By leveraging Deltek Costpoint in the Cloud, HII will be able to embrace its future of enterprise transformation and solidify its position as the nation's largest military shipbuilder. Interested in learning more? Connect with a Baker Tilly specialist today. View additional multimedia and more ESG storytelling from Baker Tilly on Contact Info: Spokesperson: Baker TillyWebsite: info@ SOURCE: Baker Tilly View the original press release on ACCESS Newswire
Associated Press
15-05-2025
- Business
- Associated Press
Baker Tilly Case Study: Global Engineering and Defense Technologies Provider Successfully Implements Deltek Costpoint
Client background HII Mission Technologies (Huntington Ingalls Industries) is the largest military shipbuilder and a global engineering and defense technologies provider, with over 135 years in trusted partnerships with the US national security. As HII has evolved and built a longstanding shipbuilding legacy, they've advanced to provide delivery critical technology solutions. These include unmanned systems, artificial intelligence and machine learning, synthetic training, electronic warfare, and C5ISR: Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance. HII's ongoing digital transformation efforts extend into all business areas and impact the entire workforce. The business challenge When HII completed an acquisition that doubled its size, two ERP systems needed to be combined to ensure operations went smoothly. The newly acquired company needed to be quickly converted into the same ERP system that HII had been relying upon for so many years. Integrating such an enormous entity into HII's Costpoint infrastructure would be a challenging project. HII has over 7,000 employees, with all of them using their timekeeping capabilities and Costpoint. In addition, HII works with 1,200 subcontractors that also rely on the time system, program managers and project controllers, all managing and monitoring projects and back-office staff. Baker Tilly, as a Deltek system's integrator, worked with HII and synchronized systems across the two organizations and ensured the needs of both sides were met. Strategy and solution Deltek Costpoint has been HII's ERP of choice for operations management for more than two decades. As Costpoint's ERP is project-based and built specifically for government contractors, it offers an all-in-one system delivering innovation and intelligence across the project lifecycle. Baker Tilly helped HII implement Costpoint for the newly acquired company. Despite the size and complexity of the implementation, Baker Tilly successfully completed the project in months. 'I think it's important to focus on the scale and timeline of this project,' says Colt Meraw, Senior Manager on Baker Tilly's team. 'HII acquired a multibillion-dollar company that was running on a JAMIS system, and we were able to successfully complete a mid-year conversion within just six months.' As part of the integration project, Baker Tilly also worked closely with Deltek Global Consulting's data conversion team to help them translate requirements and convert and validate data. Having completed in June 2022, and experiencing six months on a combined system, HII is still harvesting benefits and seeing huge success. Why choose Baker Tilly Baker Tilly was Deltek's first strategic alliance partner to provide consultancy services as part of their ERP implementation project. Helping government contractors leverage technology solutions through specialist knowledge and project management rigor. By leveraging Deltek Costpoint in the Cloud, HII will be able to embrace its future of enterprise transformation and solidify its position as the nation's largest military shipbuilder. Interested in learning more? Connect with a Baker Tilly specialist today.
Yahoo
01-04-2025
- Business
- Yahoo
UK project-based businesses see AI as key to meeting ambitious 2025 targets, Deltek research finds
Technology and automation seen as potential top drivers of profitability for UK project-based businesses Digital transformation is being fast-tracked, with many professional services firms already achieving a level of digital maturity that they had not expected to reach until 2027 76% of project-based UK businesses entered 2025 planning to expand their workforce LONDON, April 1, 2025 /CNW/ -- New research released today from Deltek, the leading global provider of software and solutions for project-based businesses, finds the UK's project-based businesses started the year optimistic about how technology can help them reach their growth targets in 2025. Despite economic headwinds, firms are ambitious, with 83% looking to increase profit growth this year and 42% expecting to increase headcount significantly. In terms of predicted gross profit margins (GPM) this year, engineering firms started 2025 the most confident about GPM increases, with 60% predicting increases of 10% or more compared to 2024. The research, conducted across UK-based architecture, engineering and consultancy firms, identifies technology and automation as the top potential drivers of attaining these goals. The top two priorities for firms are investing in new technology e.g. adopting AI (39%) and the effective implementation of new innovations e.g. AI (37%). Consultancy firms are most likely to tie profitability to the successful implementation of AI, with 64% anticipating increased profits following successful AI implementation. However, architecture firms are leading the way in the focus of automation and robotic process automation (RPA), with over half (53%) of architecture firms placing it as imperative to the success of UK firms. Cybersecurity is also a high priority, with over a third (36%) of project-based firms now citing it as a top three priority for their business, compared to less than a quarter (23%) last year. As a result of the focus on technology advancements, over half of UK project-based firms (56%) are now at a "Mature" or "Advanced" stage of their digital transformation development, up from less than a third (32%) in 2024. This indicates that firms are prioritising digital transformation and maturing more rapidly. In fact, compared to 2024 predictions on how fast they would achieve maturity in digital transformation, timelines have been brought forward two years with many professional services already achieving a level of digital maturity that they had not expected to reach until 2027. Again, Architecture firms are currently leading the way in digital transformation with nearly two-thirds (64%) at a mature or advanced stage of their journey. The use of AI and automation are also pivotal this year in attaining key performance indicators (KPIs) for project-based businesses in the UK. Rising competition for talent (30%) and project complexity (28%) in 2025 are key pressures identified for project management in the next three years. However, 40% of firms are addressing this by prioritising the adoption of AI and automation for streamlining project processes. In 2025, confidence in tracking key project metrics (profitability, budget, and client satisfaction) has risen to 75% in 2025, up from 59% in 2024. Neil Davidson, Group Vice President, Professional Services Sector at Deltek comments, "Professional services firms are already recognising the efficiency savings and growth opportunities provided by digital transformation. This year is a pivotal time for realising the benefits technology can bring, as firms still look to grow in 2025." "It's promising to see that the shift in the use of technology is also underpinning greater confidence in tracking project metrics – something we have not seen in our past Clarity reports. The strides professional services firms have made in implementing advancements in technology, ahead of schedule, are further improving their ability to manage the factors that contribute to attaining KPIs. Successful tracking is vital for providing insight into core business metrics, the optimisation of processes, and supporting productivity to help firms ensure they stay on-track to meet their goals." As well as investing in technology, project-based UK businesses are also expanding their workforce, with 76% planning to increase headcount in 2025. This is a significant increase from last year, where just 58% of firms expected to expand their workforce. Engineering firms are the most ambitious in this area in terms of significant headcount increase, with 42% planning to igrow their talent pool by more than 10% this year (compared to the average 34% expecting the same level of growth across all professional services firms). However, organisations are conscious that a lack of upskilling investment (48%) and a lack of employee engagement (34%) are still detrimentally impacting their organisation. To address this and empower young professionals in 2025, firms are concentrating on promoting a culture of collaboration and innovation in the workplace (51%), encouraging continuous learning (49%), and providing access to advanced technologies (45%). To download the full report, visit Methodology Based on an independent, self-completion online survey, conducted by 3Gem Media Group in January 2025, with 200 senior strategic decision-makers in UK Architecture, Engineering or Consulting firms. To qualify, respondents had to be at a senior level including CEOs/Managing Directors (MDs), C-suite level directors, and heads of relevant departments such as finance, operations, delivery and projects, and work in firms of 20+ employees. The sample consisted of 37% Architecture or A/E (architecture-led engineering), 26% Engineering (or engineering-led architecture) and 37% Consulting (management/market research) firms, and was made up of 6% small (20-50 employees), 29% medium (51-250 employees), 25% large (251 to 500 employees) and 40% very large (501+ employees) sizes of organisations. Company Type:This year's survey included architecture, engineering, and consulting firms. The term 'architecture and engineering' (A&E) refers to all architecture, engineering, and allied firms. The term 'consulting' refers to management consulting and market research companies. Throughout this report, the total sample results are referred to as professional services firms. About DeltekDeltek 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. Learn more at CONTACT: Deltek Media Relations Team, press@ View original content to download multimedia: SOURCE Deltek View original content to download multimedia: Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
Prophix® Named Marketplace Partner of the Year by Deltek
Prophix recognized for its exceptional contributions to Deltek's Partner Network and its commitment to customer success TORONTO, March 04, 2025--(BUSINESS WIRE)--Prophix®, a leading innovator in financial performance management, is proud to announce it has been named Marketplace Partner of the Year by Deltek, the global provider of software and solutions for project-based businesses. This award recognizes Prophix's significant accomplishments within Deltek's Partner Network's ecosystem in 2024. Through the Deltek Marketplace, Prophix delivers an innovative financial performance platform designed to help businesses optimize operations, streamline financial planning, and automate time-consuming manual tasks. The award underscores Prophix's dedication to enabling Deltek Vantagepoint, Vision, ComputerEase, and Maconomy customers to drive measurable results and sustained success. "Receiving this recognition from Deltek is a testament to the strength of our partnership and shared vision," said Alok Ajmera, President and CEO of Prophix. "This award reflects our shared commitment to addressing the unique challenges faced by project-based businesses and empowering them to achieve meaningful outcomes. We look forward to continuing our impactful collaboration with Deltek and fundamentally changing how people work in the Office of the CFO." By leveraging Prophix's adaptable and intuitive platform, Deltek customers can align their financial processes with industry-specific requirements, achieving greater agility and competitive advantage. Boulay Group, a Deltek customer, leveraged Prophix to transform their financial planning and forecasting processes, achieving a 20.9% improvement in net income forecast accuracy and a 15% increase in operating income variance accuracy. Read the full case study here. The Deltek Partner Network includes a diverse set of systems integrators, independent software vendors, and value-added resellers, all of whom contribute to helping Deltek customers maximize the return on their technology investments. Prophix takes pride in its role as a Marketplace partner, working hand-in-hand with Deltek to extend the capabilities of its renowned project-based ERP and business solutions. Prophix's work with Deltek reflects its commitment to collaboration with partners. Prophix's own global network of resellers, integrators, and technology partners embodies the same dedication to success for customers worldwide. By combining domain expertise with technology partnerships, Prophix ensures businesses have access to integrated financial intelligence for informed decision-making and strategic growth. About Prophix® Ambitious finance leaders are powered by Prophix to drive progress and do their best work. Leveraging Prophix One™, a Financial Performance Platform, to improve the speed and accuracy of decision-making within a harmonized user experience, global finance teams are empowered to step into the next generation of finance with no reservation. Crush complexity, reduce uncertainty, and illuminate data with access to best-in-class automated insights and planning, budgeting, forecasting, reporting, and consolidation functionalities. Prophix is a private company, backed by Hg Capital, a leading investor in software and services businesses. More than 3,000 active customers across the globe rely on Prophix to achieve organizational success. Additional information at View source version on Contacts Media contact: Doug VinsonChief Marketing Officerdvinson@ +1 (704) 661-0578 Sign in to access your portfolio
