Business
US companies to delay IT projects; economic factors at play, cites IDC
IDC reports that recent earnings announcements have given some cause for concern over IT spending projections for the remainder of 2005. The researcher has anecdotal evidence that large firms began to delay signing off on major IT projects toward the end of the quarter, just as concerns over oil prices, consumer spending, and other macroeconomic indicators began to rise again on the radar screen.
IDC reports that recent earnings announcements have given some cause for concern over IT spending projections for the remainder of 2005.
The researcher has anecdotal evidence that large firms began to delay signing off on major IT projects toward the end of the quarter, just as concerns over oil prices, consumer spending, and other macroeconomic indicators began to rise again on the radar screen.
The key factors that will influence IT spending decisions in the second quarter include oil prices, exchange rates, and interest rates, according to IDC.