Gartner predicts rise in global IT spending
Gartner predicts that global IT spending will reach $4.6 trillion in 2023, up 5.1% from 2022 despite geopolitical tensions and a weakening economy. The slowdown, persistent inflation, and fears of a potential recession may force companies to reduce overall spending. However, IT budgets remain resilient, largely due to expected returns on technology investments. Companies have […]
IBM beats quarterly profit forecasts
IBM Corp. announced that it has exceeded its quarterly earnings estimates this year and expects to exceed its full-year revenue growth targets due to robust demand for the company’s digital services. IBM, which generates more than half of its revenue outside the United States, raised its estimate for the impact of foreign exchange to 7% […]
