Software Industry Trends: Bleak Corporate Spending Outlook

A greater than expected pullback is occurring in software spending.

That's according to ChangeWave's latest corporate software survey, which points to a striking deterioration in software spending plans for the next 90 days. Moreover, in a sharp reminder of the severity of the current U.S. recession, the purchasing decline cuts across all software categories.

The ChangeWave survey was conducted October 6-15, 2008, and a total of 1,841 respondents involved with their company's software spending participated.

Software Industry Faces Hard Times Ahead

In the most telling finding of the survey, 40% of corporate software purchasers now say their company will spend less on software over the next 90 days — a whopping 15-points worse than the previous ChangeWave survey in July. continue

by Paul Carton | 11/07/08 | Stocks: CTXS, IBM, MSFT, ORCL, SAP, VMW,

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Software Industry Trends: Bleak Corporate Spending Outlook

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