Feeds

Confidence returns to TMT sector

Careful now

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Confidence among companies in the TMT sector is increasing, according to a survey by business advisors Ernst & Young.

In a recent survey it found that telecommunications, media and technology (TMT) sector companies were focused on growing revenue, increasing profitability and raising the capital needed to fund this growth.

The majority of the 131 TMT execs interviewed for the Ernst & Young HiTech Monitor survey said they anticipated that the market would grow by up to 5 per cent over the next six to 12 months.

Strangely, six out of ten respondents predicted that their own growth would be at least twice that of the market's increase.

Six months ago though, a similar survey by Ernst & Young painted a different picture with the TMT sector having to deal with cost reductions, disposal and exit strategies and managing weak cash flows.

This swift turn-around in confidence may be welcome by some but Ernst & Young has warned companies in the TMT sector not to be over-confident

Despite dealing with tough trading conditions and tighter margins, these companies have told Ernst & Young that they are seeing a more positive business environment compared with six months ago. Which is nice. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.