Circuits Assembly Online Magazine - CIOs Temper Spending Outlook

SAN FRANCISCO – North American CIOs predicted IT budgets would grow 6.9% over the next 12 months, down from 8.6% in March, according to a June poll by Deutsche Bank and CIO magazine. Spending projections were up in most categories but were down for data networking, storage systems and e-business applications.

CIOs of firms of 501 to 1,000 employees expect 10% growth, up from 5% in March. However, those at firms of 1,001 to 5,000 workers and more than 5,000 workers expect 6% growth, down one point from March. About 48% of respondents plan to increase computer hardware spending, while 46.1% say they will spend more on storage systems.

CIOs Temper Spending Outlook

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