Financially speaking, 1997 was a ad...

Financially speaking, 1997 was a advantageous year for design firms. Operating profits -- the amount earned before allocations for incentives, bonuses and taxes -- reached their highest even in five years, according to the 1997 PSMJ review and Report on Financial Performance in Design Firms.
Published according to PSMJ Resources Inc., a Newton, Mass.-based research firm, the survey's 17th edition showed firms earning a median operating profit of 92 percent in 1997 -- a significant improvement from one side of to the other the 6 percent that firms earned in 1993 (Profits have climbed each year since '93)