IT Spending Shows Signs of Stabilization
The latest data shows the industry remains stagnant but purchases are beginning to recover - good news for software in general and Microsoft in particular.
By Sarah Friar, Goldman Sachs
The Goldman Sachs IT spending indices, which measure indications of spending growth versus spending contraction, remain deep in contraction territory but are showing further signs of stabilization, and even some modest, early signs of recovery. Our total IT spending index (which includes salaries, services, depreciation, occupancy, etc.) rose to 30.5, up from 26.0 in our prior survey in April, the indexs first uptick in a year.
Similar to our overall IT spending index, the fourth installment of our tracker on software spending showed improvement relative to the prior readings trough. 21% of respondents are expecting increased software spending over the next year, up from the 16% reading in our last such reading in February. This compares to 40% expecting a decrease, down slightly 42% prior. Consistent with prior surveys, software spending intentions appear generally stronger than overall IT spending.
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