Emerging Technology

Information technology sector optimistic about 2009

SmartCompany /

A whopping 83% of business owners in the information and communications technology sector report business is going “very well”, according to a small business survey.

A whopping 83% of business owners in the information and communications technology sector report business is going “very well”, according to a small business survey.

The latest MYOB Small Business survey also reveals 68% of owners in the IT industry are optimistic about the future – well up on the survey’s average of 61% across all sectors.

While 46% of businesses said they expect to be performing better over the year, that number jumps to 48% in the IT industry. And while 37% expect to invest more into the business over the next six months, an average of 46% in the IT sector expect to spend more to grow their business.

And while the slowing economy has hurt businesses across every sector, 17% of IT companies reported a decrease in operating costs, the highest proportion of any sector.

The news for employment is also good. While a modest 14% of businesses intend to hire more workers in the coming months, 16% of IT businesses expect to increase staff numbers.

But not everyone is optimistic. A whopping 58% of small business owners expect the economy to perform worse over the next 12 months, compared to 49% in September 2008. Only 44% of owners expect revenue to increase over the next 12 months, compared to 53% in September, and 58% in June.

Advertisement
SmartCompany

SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australia’s entrepreneurs, small and medium business owners and business managers.

We Recommend

FROM AROUND THE WEB