AECOM (ACM), SitScape Finalizes A Five-Year Strategic Deal
Zacks Investment Research | Apr 11, 2018 10:37PM ET
AECOM (NYSE:ACM) recently announced that it has signed a five-year partnership agreement with SitScape, Inc. Notably, SitScape is the leader in collaborative User-Defined-Operating-Picture (UDOP) solutions, with its well recognized Digital Enterprise Enablement Platform (DEEP) software.
The partnership will see rollout of SitScape’s software in AECOM’s Management Services group, which in turn is likely to enhance the latter’s internal operations. AECOM will leverage SitScape’s award-winning, DEEP software, with integrated data analytics, machine learning, process automation and collaboration capabilities to optimize the mission-critical operations of its customers worldwide.
Our Take
AECOM is witnessing robust prospects in all of its segments. Evidently, the Construction Services and the Management Services segments continue to benefit from higher margin work in the building construction and power businesses. Also, the company’s solid backlog levels, which are a key indicator of future revenue growth, reflect significant opportunities in the forthcoming quarters. Moreover, the company’s solid level of backlog of large commercial, stadia and power projects is expected to drive revenue growth and margins going ahead.
Additionally, AECOM’s diversified portfolio comprises both designing and construction services. The company is also efficient in dealing with cyclical market volatility, which helps it capitalize on upside of its business during downturns. Notably, more than 70% of the company’s profits are generated from the infrastructure and defense markets that are likely to benefit from the favorable political climate in the United States and abroad.
In the past six months, this Zacks Rank #2 (Buy) company has returned 0.6% against the Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.