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IDC cuts its 2013 IT spending growth forecast to 4.9% from 5.5%, citing macro issues and weak PC...

IDC cuts its 2013 IT spending growth forecast to 4.9% from 5.5%, citing macro issues and weak PC demand; 2012 growth was 5.6%. Gartner, which includes a bigger array of products/services in its numbers, forecast 4.1% growth last month. IDC now sees U.S. software spending (MSFT, ORCL) growing 6%, down from a prior 7%. Storage hardware revenue (EMC, NTAP) is only expected to grow 2.4%, down from 2012's 6.1%, and carrier spending on networking gear (CSCO, JNPR, ALU, CIEN) is expected to grow just 1.1% vs. 5.8% in 2012. Recent earnings reports and warnings (I, II, III, IV) help explain the subdued outlook.
Comments (2)
  • Mind
    , contributor
    Comments (206) | Send Message
     
    Growth forecast slowing - market all time highs (reality check) time to be a cautious bull ...
    15 May 2013, 03:05 AM Reply Like
  • spybreaker
    , contributor
    Comments (235) | Send Message
     
    so why is EMC and VMWare up today by ~4% and ~2% respectively.... one of those usual irrational market moves?
    16 May 2013, 11:41 AM Reply Like
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