Forty-two percent of CIOs suffered budget decreases in the first quarter of 2009, and IT shops on average slashed budgets by 4.7 per cent according to new research published by Gartner.
CIOs were expecting an average first quarter budget increase of 0.16 pr cent late last year, but were forced to cut costs as the economy worsened. Fifty-four percent of CIOs reported no change in their IT budget, while a scant 4 per cent enjoyed an increase. Average declines of 7.2 per cent were seen by those companies that reduced IT spending. Counting all companies, including those with flat budgets and increases, the average decline was 4.7 per cent.
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