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Thursday, September 01, 2005


IT Spending Shows Continued Strength in August

"IT Spending Shows Continued Strength in August According to CIO Magazine Tech Poll

FRAMINGHAM, Mass., Sept. 1 /PRNewswire/ -- Information technology (IT) spending predictions for the next 12 months fell off the previous poll's all time high but still remain strong, according to the current CIO Magazine Tech Poll(TM). Chief information officers (CIOs) continue to express optimism and expect to increase IT budgets by 7.1%. While predicted growth declined from the July's* all time high of 10.1%, the rate is up from January's 5.4%. All spending categories showed month-over-month declines, from last month's* record results. However, when compared with June's results, current spending expectations increased for computer hardware, data networking equipment, storage and outsourced IT services."

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