IT Budgets Have Been Axed

IT budgets have been slashed by 73 per cent of Australian organisations for 2009, with 46% cutting budgets in absolute dollar terms for this year, according to a recent survey by Compuware(NASDAQ:CPWR).

Compuware, a provider of solutions to optimise IT performance, says its survey of 112 company senior executives at a recent Sydney conference, also found, that while there had been big cuts, 28% of organisations have the same budget in dollar terms (representing a real cut after inflation), 17% have had budgets increased in line with inflation (1-4%), and only 10% have had IT budgets increased above the inflation rate (5% or more).

Van Giang, regional sales director for Compuware Australia and New Zealand, claimed that
many Australian organisations were "flying blind" when it comes to having a sound financial basis for making IT budget cuts. ... Go to source