Monday, March 13, 2006

WSJ: Makes Our Day - Tech Spending on the Rise

Today's WSJ reports a "slow and steady acceleration" in IT spending among corporations, according to a survey by Goldman Sachs. This, along with our recent spring-like weather (70 degrees!), is cause for celebration. (See page A6; sorry it's subscription required.)

According to the Journal:

The survey, which polls 100 managers in charge of the technology purchases at corporations, found that an increasing number of participants in the survey are anticipating spending growth of more than 10% this year.

Of the respondents, 19% fall into the above-10% spending camp.

Famed Goldman Sachs analyst Laura Conigliaro points to some "subtle signs of improvement" over the firm's 2005 survey.

Hey, we'll take it.

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