New IT Spending Study: Growth Continues...
Posted on Wed, Sep 07, 2011
On Friday, The Wall Street Journal reported unemployment numbers that were released by the Labor Department showing that for the first time in 11 months, our unemployment rate did not improve but remained the same for August at 9.1%.
With continued skepticism of the economy and our employment outlook, there is a “silver lining” for those of us involved in the IT community.
Earlier this year we released our initial Maven Wave Partners IT Spending & Investment Study looking at the direction and focus of IT spending and its potential effect on corporate earnings through 2012.
Last week we were able to update this Study through 2Q. One of the more surprising findings was a 9.1% increase in spending on the IT workforce which resulted in our Maven Wave Partners IT Investment Index (MIT Index) growing by 6% and outpacing our previous estimates for the quarter.
For more background on the results of this Study, please take a look at the article that Computerworld just published - "IT Spending Holds Up Well, Study Says" - or don’t hesitate to contact us at info@mavenwave.com.
Have a great week!