By Andrew Leigh
RISMEDIA, April, 2009-For the first time in years, small and midsized businesses are cutting back on IT spending, though owners remain optimistic about growth in the months ahead, a recent survey shows.
Forty-nine percent of 772 business owners and managers in the U.S., Canada and the U.K. surveyed by CompTIA, an IT advocacy group based in Oakbrook Terrace, Illinois, said they expect IT spending to decline or remain flat, up 11% from a similar survey last year. The rest said they’re planning to continue investing in IT, regardless of the economic downturn.
Despite the anticipated spending cuts, 54% of respondents said they’re expecting revenue to grow by 10% or more in the coming year, the survey found.
“In the past, tech spending might have been one of the first line items slashed in a tough economy,” CompTIA CEO Todd Thibodeaux said in a statement. “Today, businesses are savvier because they rely on technology for an increasing amount of their core business operations.”
The survey, which was conducted in September, included businesses from a variety of industries.
Copyright© 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com