It was an awful time for an IPO, but Deltek
Then again, Deltek has developed a strong suite of software for project planning, which helps with the design of airports, stadiums, and even the space shuttle. Its capabilities include regulatory compliance, profitability analysis, business development, and scheduling.
There are competitive offerings from companies such as Oracle
Deltek, on the other hand, has specialized in its sector for more than 20 years and has racked up more than 12,000 customers, which include biggies like Boeing and Lockheed
It's turned into a growth business, with revenues increasing 23% to $130.8 million for the first half of this year, and net income of $9.6 million. The operating margin is a hefty 19%.
In light of its growth rate and solid customer base, Deltek's valuation is reasonable at three times revenues. Other mid-tier enterprise software companies -- such as Wind River Systems
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