Even as design firms struggle to balance backlogs and employee resources, chief financial officers’ projections of revenue growth and profit increases in the coming year may be too rosy, according to statistics and comments offered at a gathering of about 110 CFOs in New York City on April 21.
The financial managers projected a median internal growth estimate of 8%, excluding acquisitions, for this year and 7.5% for 2018, according to data from a January survey, presented by financial investment and management consultant EFCG at its sponsored gathering.