Feeds

Confidence returns to TMT sector

Careful now

  • alert
  • submit to reddit

Boost IT visibility and business value

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 fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
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
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
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.
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.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.