In the first quarter of 2009, 42 percent of CIOs decreased their IT budgets with an average cut of 4.7 percent, according to a new survey by Gartner.
CIOs were expecting a minor budget increase of 0.16 percent in the first quarter, but due to the economy were forced to cut costs. More than 90 percent of firms changing their budgets made a reduction in the first quarter, with the average being 7.2 percent. Forty-four percent of respondents reported no change in their IT budgets, with just 4 percent reporting an increase in their IT budget.
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