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Survey: Philippine IT managers plan to hike budgets

09.03.2006
Believing that information technology (IT) is definitely, or to some extent, a part of their core business strategies, most IT officers are not only willing to invest in IT to stimulate spending this year, but plan to raise their budgets as well. These were some of the key findings of the IT Spending survey conducted by Computerworld Philippines' Research Group that covered 100 companies from November 2005 to February this year.

Almost two-thirds of respondents expect to increase their IT spending levels this year. If their company profits improve over the next three to six months, 21.6 percent of these firms will 'definitely' increase their technology spending above the current plan, while 38.1 percent said they will 'probably' do so. Meanwhile, 25.8 percent said they will stick to the allotted budget even if their firms register growth in income.

For purposes of the survey, a firm's IT budget consists of spending allocations for operations (hardware, software, services, and training, among others), staff, and overhead expenses.