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BRIEFING: IT spend weathers the storm
Microsoft, Intel and IBM have all released their Q4 earnings in the past few days, and all showed slowing revenue growth as the uncertainty surrounding the economic situation and supply-chain challenges including flooding in Thailand dented demand for computing equipment. All three companies are seen as bellwethers for the broader tech sector and following weak results from firms such as Oracle in recent weeks concerns were high over what their results would bring. Yet despite this slowdown, tech spending remains broadly high, suggesting that businesses are shaking off nervousness over the economy and continuing to invest in IT.
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