Thursday, March 28, 2024

IT Spending Holds Up Well, Study Says

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

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.”

Subscribe to Data Insider

Learn the latest news and best practices about data science, big data analytics, artificial intelligence, data security, and more.

Similar articles

Get the Free Newsletter!

Subscribe to Data Insider for top news, trends & analysis

Latest Articles