News

22/03/2010

European Technology Executives More Confident - Eurocom Worldwide Survey

- Better News on IT Jobs
- But Doubts Remain on Strength of Economic Recovery


Two thirds (67%) of senior global technology executives are more confident about prospects for the sector over the next 12 months, according to the latest annual IT confidence survey conducted by Eurocom Worldwide, the Global PR Network in association with its member agencies around the world. In last year's survey just 13% were more optimistic about prospects and almost half (48%) less confident facing into 2009.

“The survey suggests an encouraging bounce in confidence compared to last year with more optimism on revenues and jobs. However, many remain cautious about whether the recession has bottomed out in their own market,” commented Eurocom Worldwide Network Director Mads Christensen.

The survey, which was conducted during January and February 2010, surveyed 286 senior level executives in technology companies mostly across the European region.

43% believe that the global recession has bottomed out although almost a third (32%) believe it has not. A quarter (25%) are not sure. 48% of the respondents do not believe that the recession is over in their own country although over a third (36%) believe that the worst is past.

The Eurocom Worldwide findings suggest better news on the IT jobs front. Over half 57% expect to increase employment this year compared to 28% last year. 8% expect to reduce headcount compared to a quarter last year.

IT executives are also more confident about sales prospects. Three quarters (75%) expect to increase revenues, up from 46% last year. Last year almost a quarter (22%) predicted a decline in sales, compared to just 6% in 2010.

“Worries remain about the strength and sustainability of the global and individual country recoveries, but despite this, executives are a lot more upbeat about prospects than they were at this time last year,” Christensen added.



Notes For Editors:

Survey Methodology
Each year Eurocom Worldwide surveys technology business leaders and senior industry executives, measuring the sentiments and confidence levels of professionals in the sector. This year 286 respondents participated. The study was conducted via the internet and field work was carried out in January and February of 2010.

About Eurocom Worldwide
Eurocom Worldwide is a global alliance of independent, privately owned Public Relations agencies. Together, we form a global business-to-business communications solution provider with a focus on technology in its broadest sense. Eurocom Worldwide has 25 member agencies comprising over 900 communications specialists and consultants in 60 national capitals and centres of commerce around the globe. For more information, visit www.eurocompr.com.
 
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Editorial Enquiries
Isabel Radwan
Eurocom Worldwide

iradwan@eurocompr.com
Tel: +49(0)17650284292



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