Will Tech Lead the Way to Recovery?
Maybe it’s all the sunshine in Silicon Valley, but tech executives are feeling pretty good about the future–at least their part of it.
Eighty percent of tech companies said that business conditions will be better a year from now, according to a survey of senior executives at 130 tech companies by consulting firm KPMG. Seventy-eight percent of these executives said that they expected revenue to rise next year, and 72 percent expected increased profits. In all, 57 percent of the tech execs surveyed by KPMG expected the economy to have recovered by next year.
None of this is all that surprising considering some of the positive economic news in recent weeks. But 66 percent of the tech executives thought that the tech industry would recover faster than the economy as a whole, and only 17 percent said it would be later.