Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

IT Budgets To Contract in 2009, First Time in 5 Years

Quick note. In a report appropriately entitled Rose Colored Glasses Come Off, Citigroup released the results of a survey of IT CIOs in the U.S. and Europe.

The news? US CIO’s expect their IT budgets to contract 2.7% this year, the first decline in five years. Europeans expect theirs to contract by 1.9%. Only 21% of CIOs expect their budget to grow in 2009, Citi says.

If they are spending, where is the money going? Security, server consolidation, and virtualization, says Citi. Software barely edges out hardware in terms of budget spend, and CIOs indicate that

both are less likely to have their budgets cut than external IT services and storage.

blog comments powered by Disqus