IT Industry Confidence Grows Stronger, CompTIA Says
The IT industry is feeling pretty good these days. The CompTIA IT Industry Business Confidence Index, the organization's measurement of technology business sentimen, recorded a positive gain this quarter for the third consecutive time. Exactly how confident are companies? We'll reveal the organization's latest findings.
According to the organization, the CompTIA IT Industry Business Confidence Index is now at 58.0 on a 100-point scale, which is up from 56.1 in the first quarter. CompTIA said these past three quarters combined are the longest period of upward momentum in the history of the index. In addition, 38 percent of respondents say they plan to invest more in new products or business lines over the next six months.
"The data suggests that IT companies are feeling better about business conditions," said CompTIA Research Vice President Tim Herbert in a prepared statement. "Generally, demand for technology has been consistent in many areas and among many customer segments. Technology has never been so accessible and affordable for businesses of all sizes."
While these numbers are good for the IT industry, Herbert said that the high unemployment rate, unknown effects of the federal government sequestration cuts and turmoil overseas remain causes of concern.
The data is comprised of three metrics: opinions of the U.S. economy, opinions of the IT industry and opinions of one's own company. CompTIA's IT Industry Business Confidence Index is compiled from an online survey. Exactly 309 IT companies participated in this quarter's survey in late March 2013.