June 2004 Tech Poll Results Released

According to CIO magazine's June Tech Poll, IT budgets continue to be on the rise. Additional highlights of the most recent CIO magazine Tech Poll include:

• IT budgets will grow by 8.2% over the next 12 months, higher than May levels of 7.8%.
• The outlook for computer hardware also increased month-to-month. Among the panelists, 55.7% plan to spend more, up from 53.2% in May. This is the highest spending level for computer hardware since the poll's inception.
• Security software continues to be the strongest sector in the poll with roughly 58.3% of respondents planning to increase spending (an increase from 57.7% in May) while only 2.0% plan to decrease spending.
• A special question was asked in the June poll which measures which factors would most impact 2005 IT budget plans. Of the 6 options, most reported that aging infrastructure was the most important factor (33.9%), while 33.1% cited none of the options as a factor. The other factors included the war on terrorism (6.7%), inflation/interest rate hike (13.8%), rising energy prices (7.9%), and the presidential election (4.7%).

Full results of CIO magazine's June 2004 Tech Poll can be found on the company's Web site.