The chart below shows that IT budgets are increasing. That means that while revenue may be decreasing in some cases, if companies are cutting costs to compensate then not as many of them are making cuts in IT.
It can also mean that those companies who are investing more in IT are also benefiting from greater revenue.
44% of respondents were planning to increase their IT budgets in 2009. [The situation changed due to the economic crisis]
There was a slight drop in the number of companies that plan to increase their 2009 IT budget. But with the challenges facing the economy, IT budgets remaining flat would be a big victory.
The chart below shows that 43% of companies surveyed were projecting increased headcount for 2009 and 42% were planning to maintain the same headcount.
43% projection for 2009 was actually an increase over 2008. Due to recent economic uncertainty, the number is likely to have dropped. But the number was strong as it was in June (when there was still a lot of economic uncertainty)
