Corporate software spending under pressure, according to latest RBC IQ survey

07.08.08 - 18:39 ... source : RBC Financial Group

... Survey of corporate decision-makers shows hope for year-end improvement SAN FRANCISCO, August 7, 2008 — Corporate software spending is still subdued, as purchasing decision-makers who expect their companies to spend less over the next 90 days continue to outnumber those who expect to spend more by a two-to-one margin. However, for the first time since last fall, there are signs that the rate of decline in spending is leveling off, according to the latest RBC IQ Survey of corporate software purchasing decision-makers, released by RBC Capital Markets at its annual North American Technology, Media and Communications Conference being held August 6-7 in San Francisco. "Corporate software purchasing sentiment continues to be flat, consistent with continued year-over-year deceleration in IT spending metrics," said Marc Harris, RBC Capital Markets' co-head of Global Research. "The poor business cl ...» Next (HTML)