After three consecutive quarters of gains, the CompTIA IT Industry Business Confidence Index took a breather, falling 1.2 points. The 3-variable index stands at 60.1 on a 100-point scale; still solidly in positive territory. The forward-looking component of the index is projected to increase 2.0 points, signaling a modest degree of optimism over the second half of the year.
In the aggregate, the majority of IT companies (72%) report being on-target with their revenue goals for the year. This breaks down to 15% tracking ahead of their goal and 57% on-target with their goal. The leaves 27% trailing at the midway point for the year.
CompTIA’s IT Industry Business Confidence Index is comprised of three metrics: opinions of the U.S. economy, the IT industry and one’s company. Data for the Q3 Index was collected through an online survey of executives at 293 IT companies in the U.S. conducted during July 2014.
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