Gartner Survey: Financial Services IT Spending Up 5%

NU Online News Service, Jan. 15, 11:55 a.m. – Executives at financial services companies say technology spending at their companies is increasing 5% this year, according to the Gartner Group Inc., Stamford, Conn., a consulting firm.

Gartner based its figures on results of an informal survey of 1,048 participants at a technology conference held in November 2001

Executives in most industries were more pessimistic than the financial services executives. The gloomiest executives, those at non-durable manufacturers, told Gartner they fear technology spending at their companies will drop 15.1%.