economic news has everyone on edge. Some pundits were hoping that
Oracle’s earnings report would give the stock market a boost yesterday
by proving that at least the technology sector is firing on all
cylinders. But yesterday Oracle reported lower than expected revenues
and lowered its expectations for the year. So it appears that the
high-tech sector isn’t immune to the global economic downturn after
However, after checking in with many of our largest clients, we don’t see people putting a hold on technology spending. We do see clients gravitating towards SaaS suppliers with “pay as you consume” business models and lower perceived IT overhead. We see them taking advantage of the professional services being offered by smaller, boutique firms, rather than large body shops.
What are companies spending money on? Here’s a list based on our customer-centric clients’ activity and interests: