IT Companies Bullish on Jobs and Revenues

Confidence returns to market according to Eurocom Worldwide survey

London, March 2 2005: Technology companies are bullish about the year ahead according to the annual global IT confidence survey conducted by Eurocom Worldwide in association with its network partner agencies.

The survey, which covered senior executives in 232 global IT companies in 30 countries found that confidence levels were high with a significant majority (84%) expecting to increase revenues. 44% expect to increase jobs while 52% said that head count levels would be maintained. Just 4% predicted layoffs.

None of the respondents surveyed were less confident about the year ahead. 40% were more confident and 60% retained the same levels of confidence.

“The study suggests that the tech recovery has well and truly kicked in. While we will never get back to the heady days of the boom, that is to be welcomed. This study suggests a more sustainable recovery,” commented Eurocom Worldwide Network Director Mads Christensen. “This was heralded in our survey last year which predicted that recovery was likely to begin by the third quarter of 2004 at the latest.”

The Eurocom Worldwide survey predicts a continuing movement of IT manufacturing jobs away from traditional Western economies to China, India and Central and Eastern European Region (CEER). 43% of respondents see China as the global region which will see the highest growth in IT manufacturing jobs over the next three years followed by India (24%) and CEER (17%).

86% believe that the tech recovery has begun although a little over one in ten (11%) are still waiting for the upturn.

29% of senior IT executives believed that the election of John Kerry would have been better for the global IT economy in 2005. 12% favoured George W. Bush but almost 60% said the result made no difference to prospects for the IT sector.

232 CEO or Director level executives responded to the survey in 30 countries Fieldwork was completed in February 2005.

Notes For Editors:
Eurocom Worldwide is a global network of of public relations and communications agencies, with offices in 60 national capitals and centres of commerce around the globe, in total comprising over 1,100 communications specialists and consultants. We work for clients ranging from the emerging enterprise to the Fortune 500 corporation. The network provides seamless cross-border communications and consulting services to businesses and organisations around the world by way of creating joint services, tools, and capabilities shared between the partners. The network develops and manages integrated communications programs that focus on driving clients’ brand and corporate awareness while having measurable impact on sales and marketing results. Eurocom is the fifth largest independent PR Network in Europe (PR Week UK June 2004).

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Isabel Radwan
Eurocom Worldwide
Tel: +49(0)17650284292

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