CompTIA IT Business Confidence Index for the fourth quarter of 2014 reveals a slight recovery from its third quarter dip. It gained 1.9 points, with the index now at 62.1 on a scale of 100. The index was calculated following an online survey of industry executives and IT professionals in the month of October 2014.
The forward-looking component of the index shows IT sector growth is expected to increase 3.0 percent - indicating industry executives believe overall positive prospects in the coming months.
There were some differences of opinion within the group of executives surveyed; micro-sized IT companies - those with fewer than ten employees - have a less confident medium businesses - those with 100-499 employees.
Topping the list of concerns for executives are price-sensitive customers reluctant to spend. In addition, executives have expressed concern about the reduction in margins. While cloud storage battles of the price and the com modification of certain types of hardware are good for customers, they defy the technology companies that provide products or services. Concerns about the pressures on margins have increased more, jumping 8 percent compared readings of the third quarter. On the other hand, concerns about shocking events, such as natural disasters or international incidents fell 8 percent, from 29 percent to 21 percent.
Index of Business Confidence CompTIA is published at the beginning of each quarter. To read the full report Q4, visit CompTIA.
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