Senior tech execs upbeat about jobs and revenues
22.02.2012
Nearly two thirds of senior executives in global tech firms expect their companies to hire more staff and 71pc forecast an increase in revenues over the next 12 months, according to a survey by Eurocom Worldwide.
The study of over 300 executives worldwide (including Ireland) shows that 46pc are more confident about the outlook for the technology sector over the next 12 months.
“Despite confidence in prospects for the technology sector in general falling from last year, senior executives remain upbeat about the outlook for their own businesses,” said Mads Christensen, network director of Eurocom Worldwide.
“This is remarkable since our survey was conducted in January and February against a backdrop of continuing concern about the euro debt crisis and amid slowing GDP growth across many economies.”
Just 5pc of respondents expect to cut jobs, compared to 9pc in 2011. Almost a third of respondents refer to a skills shortage with 30pc saying it is more difficult than last year to hire individuals with the right technology skills.
“We believe two things may be happening. Exciting new technologies in areas such as mobile and the cloud mean that there is a stronger case than ever for IT investment. Secondly, it is likely that deferred IT spend can no longer be delayed if organisations are to maintain competitiveness,” said Ronnie Simpson of Simpson FT PR, which was involved in publishing the survey.