Tech CFOs More Optimistic On Economy - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Mobile // Mobile Applications
Commentary
5/10/2010
01:12 PM
50%
50%

Tech CFOs More Optimistic On Economy

50% of CFOs in the IT industry believe the U.S. economy will improve in the next six months, a more bullish outlook than their counterparts in other industries according to a national survey.

50% of CFOs in the IT industry believe the U.S. economy will improve in the next six months, a more bullish outlook than their counterparts in other industries according to a national survey.Half of the CFOs in technology companies believe the economy will improve in the next six months. That's six percent more optimistic than collective perspective of CFOs from other industries according to the findings of a national survey of CEOs released Monday by accounting firm Grant Thornton LLP. The biannual survey was conducted between March 22 and April 5. The survey captured input from 496 CFOs and senior comptrollers in the manufacturing, technology, financial services, health care, banking, government, retail, non-profit, transportation, real estate, and construction industries. Other almost 500 participants, 53 were from the tech sector.

The six month economic outlook wasn't the only area where tech CFOs saw more reason for cheer than those in other industries. 60% of the tech CFOs believed their company's financial prospects would improve in the next six months (52% for all participants) and 37% said the economy would come out of recession in 2010 (28% for all participants). Other industries (24%) plan to raise prices in the next six months at a higher rate (17%) than the tech sector. The other thing not going up in tech is salaries: only 11% of tech CFOs plan to increase salaries compared with 15% across all industries.

Click here to download a PDF of the complete survey findings.

Click here to read about previous Grant Thornton survey results.

Don't Miss:


Follow Benjamin Tomkins on Twitter @http://twitter.com/benjamintomkins Follow InformationWeek SMB on Twitter @http://twitter.com/infoweeksmb Get InformationWeek SMB on your mobile device @http://mobile.bmighty.com

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Future IT Teams Will Include More Non-Traditional Members
Lisa Morgan, Freelance Writer,  4/1/2020
News
COVID-19: Using Data to Map Infections, Hospital Beds, and More
Jessica Davis, Senior Editor, Enterprise Apps,  3/25/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Slideshows
Flash Poll