Wall Street Beat: Mobile, cloud are key to tech earnings
April 25, 2014
Grazed from ComputerWorld. Author: Marc Ferranti.
Tech industry bellwethers, including Facebook, Microsoft, Apple and Amazon, weighed in this week with quarterly earnings and — surprise! — mobile and cloud offerings appear to be the key to their health. The earnings came out amid some upbeat market research about IT spending trends.
For example, Forrester Research reported Thursday that U.S. spending on technology will rise 5.3 percent this year to US$1.3 trillion and 6 percent to $1.4 trillion in 2015, due to an improving economy and a jump in IT purchases by businesses and government agencies. Software will grow faster than hardware and "one of the hottest areas in software is unsurprisingly mobile apps which will grow by roughly 50 percent in 2014, reaching $7 billion," Forrester said…
That good news comes on the heels of dismal forecasts for traditional desktop and laptop PCs. Last month, Gartner issued a forecast that calls for a 6.6 percent year-over-year decline in PC and laptop shipments in 2014. What’s more, the 276.7 million PCs shipped to retailers in 2014 will drop even further, to 263 million units, in 2015, Gartner said…
Read more from the source @ http://www.computerworlduk.com/news/mobile-wireless/3513712/wall-street-beat-mobile-cloud-are-key-to-tech-earnings/
Subscribe to the CloudCow bi-monthly newsletter @ http://eepurl.com/smZeb