dcsimg

IT Spending Holds Up Well, Study Says

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Google+
Share it on Linked in  
Email  

CFO World: Analysts had expected enterprise IT spending to fall 3 percent in the second quarter, but a new report from Maven Wave Partners says that it actually grew by 6 percent during the period. In addition, companies boosted their IT payrolls by 9.1 percent.

The firm said that the boost in IT spending was due to stronger-than-expected hardware sales, which offset the weaker-than-expected software sales. “Now that actual numbers for the 2Q 2011 are in,” the report said, “it’s clear that despite our conservative estimates, and despite a slight tap on the brakes in first quarter for software spending, IT spending growth overall continued at a blistering pace.”

Submit a Comment

Loading Comments...

NewsletterDATAMATION DAILY NEWSLETTER

SUBSCRIBE TO OUR IT MANAGEMENT NEWSLETTER