73% of CFOs at tech companies expect revenues to increase during the next 12 months, down from 77% a year ago.
Given the tightknit relationship you probably have with your company's CFO, having your finger on the financial pulse of your organization as it plots its next moves is key for CIOs. And it's not all smooth sailing ahead. While the vast majority of tech-industry CFOs predicts revenue growth, they're anticipating less of it than they did a year ago, according to the most recent Technology Outlook Survey from BDO USA, LLP. At the same time, mergers and acquisitions, and IPO activity is expected to heat up over the next 12 months. "Based on recent economic and marketplace volatility, technology executives are cautious in their revenue projections," said Aftab Jamil, partner and director of the technology and life sciences practice at BDO. "That said, M&A remains an attractive opportunity. The fiercely competitive environment is pushing companies to aggressively target the best and brightest technologies. Among middle-market tech companies, there's an 'acquire or be acquired' mentality." This is the fifth straight year for the survey, and an estimated 100 CFOs from tech organizations took part in the most recent research. For more about the findings, click here.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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