Advanced  IT operational budgets across the US and Canada are rising 2.2% at the median this year, a rate that is a slight improvement over the 2.0% growth in 2011. However, this modest improvement is accompanied by a decline in confidence among CIOs in their budget plans, according to the recently released IT benchmarking study from Computer Economics Inc.

“The modest recovery in IT spending we saw last year is continuing, but it is far from robust,” said Frank Scavo, president of the Irvine, Calif.-based IT research firm. “Hiring remains weak and smaller companies are still not showing as much strength as we would expect in an economic recovery.”

Source: Virtual Strategy Magazine