Infoconomy Index: Allpositive
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Europe's IT sector finally nudged back into the black in September after more than two years in recession, recording a growth rate 0.8% compared to -0.6% in the previous month.
Europe's IT sector finally nudged back into the black in September after more than two years in recession, recording a growth rate 0.8% compared to -0.6% in the previous month.
While the momentum of global IT revenues held steady for a third month at 13%, the European section of the Infoconomy Index, which tracks the aggregated growth rate of the world's 200 largest IT companies, showed positive growth for the first time since April 2002.
The upswing was helped by positive numbers in Europe. The UK's ITNet grew 15% in its first half of the year, Morse upped revenues by 23% and Computacenter saw a modest 3% rise. Outside the UK, the picture was mixed: Denmark's WM-data (about to be swallowed by IBM) grew 28%, while Atos Origin and Capgemini both saw flat revenues.
At the global level, network giant Cisco Systems showed the strongest proportional growth of the major players this month with 26%. Oracle's revenues grew a modest 7% on the back of upgrades and product support, while Hewlett-Packard, the largest company reporting in recent weeks, saw revenues rise 9% on the same quarter a year ago.
As that highlights, while the European sector's exit from recession may still look tentative, the picture among North American companies is on the whole strong and stable.
The Infoconomy 200 Index measures the overall growth rate of the IT industry by tracking the financial results of the world's most important publicly listed IT companies.
