Want to know the real skinny on how well the tech industry is doing? Your best bet of getting the unvarnished truth would be to talk to the keepers of the purse within top technology firms. That's exactly what the firm BDO did when it surveyed a cross-section of CFOs at some of the nation's largest technology companies.
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77 percent of CFOs at top U.S. tech companies expect revenue to increase in 2011.
These financial leaders forecast an increase of 10.4 percent over 2010--a big improvement over the slim 1.6 percent increase in 2010 over 2009.
78 percent of tech CFOs believe that M&A activity will rise this year, with 23 percent expecting it to increase significantly.
Revenue and profitability for vendors are the most cited primary driver for acquisitions within the tech sector--named as the top driver by 39 percent of CFOs.
Another 34 percent named market share as a prime M&A driver.
68 percent of tech sector CFOs also expect an increase in IPO activity in 2011.
83 percent of tech CFOs say they have a better ability to access capital and credit this year.
52 percent say continued economic rebound in the United States will be the most important factor of driving tech growth in 2011.
However, 61 percent believe economic uncertainty could still have an effect on funding.
19 percent of CFOs say consumer demand for innovative personal technology will be the most important driver of growth, up from 12 percent in 2010.
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