Saturday, January 28, 2023

IT Spending Holds Up Well, Study Says

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.”

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