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Corporate Tech in Line for its Pandemic Haircut – The Wall Street Journal

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Corporate Tech in Line for its Pandemic Haircut – The Wall Street Journal

As the pandemic rages on, corporate technology budgets won’t be spared. That could prove a problem for investors who have been banking on business being even better than usual. A quarterly survey by Morgan Stanley found chief information officers expecting their tech budgets to decline by 4.4% this year. That is a sharp turn from…

Corporate Tech in Line for its Pandemic Haircut – The Wall Street Journal

As the pandemic rages on, corporate technology budgets won’t be spared. That could prove a problem for investors who have been banking on business being even better than usual.

A quarterly survey by Morgan Stanley found chief information officers expecting their tech budgets to decline by 4.4% this year. That is a sharp turn from the 3.5% growth predicted by the same group in the broker’s last survey in March.

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