IT Firms See Blue Skies for Second Half 2010

By ServerWatch Staff (Send Email)
Posted Jul 9, 2010

Datamation reports that a majority of IT firms expect revenue earned during the second half of 2010 will outpace the first six months of the year. Will this give companies the optimism to start hiring.

A recent survey finds many IT firms anticipate revenue during the second half of 2010 will outpace the first six months of the year. Will hiring follow suit?

Despite whispers of a double dip recession hitting next year, the near-term IT buying outlook looks good, according to a study conducted by the IT industry association CompTIA. Six in ten IT firms surveyed said they expect revenues in the third and fourth quarters to significantly or moderately exceed revenues from the first half of the year.

The CompTIA survey panel expects the Business Confidence Index to increase 5.4 points over the next six months, although the index did slip 1.4 points from May to June of this year.

"IT industry executives remain relatively confident about the tech sector and about their firm's prospects, but concern over the health of the U.S. economy persists," Tim Herbert, vice president of research for CompTIA, said in a statement. "In some ways the results point to a 'two steps forward, one step back' mentality, where positive news and momentum are followed by unexpected bad news and a renewed sense of negativity about economic conditions."

Read more about why "Survey Finds IT Firms Optimistic About the Rest of 2010" at Datamation

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