IT Management Slideshow: Tech Companies Losing Confidence in the Economy

By Dennis McCafferty  |  Posted 07-27-2012
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Companies today are facing a crisis of confidence, even companies in the fast-paced IT industry, according to a recent survey from CompTIA. Confidence among IT firms is on the decline, finds CompTIA's"IT Industry Business Confidence Index." And this trend is taking a toll on companies' plans to increase staffing and spending on tech investments and other potential areas of growth. The index takes a look at opinions about the U.S. economy, the IT industry and participants' companies - all three of which declined in the third quarter this year. "The unfortunate pattern of the last several years is repeating itself in 2012," says Tim Herbert, vice president of research at CompTIA. "Momentum from improving economic fundamentals and positive sentiment fails to sustain itself, stalling at mid-year. Any bullishness about the IT industry generally and companies individually was offset by renewed uncertainty about larger economic issues, such as unemployment, stalled earnings at some bellwether companies and softening demand in many overseas markets." A total of 445 companies took part in the research.

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The overall IT Industry Business Confidence Index is 54.5, down from 56.7 last quarter.
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Dennis McCafferty is a freelance writer for Baseline Magazine.
 
 
 

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