Business Tech Spending Picks Up

(…) Companies are signaling they’re more comfortable spending money on technology now that sales and profits are expanding.(…)

World-wide information technology spending is forecast to increase 5.1% to $3.6 trillion this year, according to market research firm Gartner Inc. It projects the biggest growth in spending will be telecom equipment, a projected 9.1% increase, followed by enterprise software and computing hardware, both projected to grow 7.5%. (…)

IBM’s fourth-quarter earnings were its strongest in nearly a decade. “We see customers starting to spend more in their base business as we exit the recession,” said Mark Loughridge, IBM’s chief financial officer. Its global technology services business registered an increase in revenue from existing accounts, which was the first quarter of such growth since late 2008.(…)

Full WSJ article


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