Feeds

Goldman Sachs predicts IT spending rise

But small biz still struggling

Build a business case: developing custom apps

Research from Goldman Sachs expects IT spending to start moving upwards in 2010, but a survey of British small firms finds many still worried about the impact of recession on their businesses.

The survey from Amplify Research found a quarter of firms expect to be hit harder during the later stages of the downturn. A quarter reckoned that the first quarter of 2009 was their worst trading period but almost a third - 31 per cent - reported no fall in orders. 19 per cent of SMBs said sales had fallen over 20 per cent.

In the last six months 45 per cent of firms have made people redundant - a third have cut up to 10 per cent of staff.

But looking forward, 38 per cent of small and medium enterprises believe revenue falls will slow in the next six months and just over a quarter expect the downward trend to end completely by year end.

The Amplify press release is here.

In other news, a research note from Goldman Sachs looking at consulting and outsourcing predicts "modest improvements in IT spending... into 2010". Researchers looked specifically at Accenture: Goldman predicts fourth quarter sales of $5.12bn for the firm, which reports on 1 October. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
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
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
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.