After Strong 2014, Execs See Even Better 2015

By Dennis McCafferty

The vast majority of tech industry executives said their companies delivered on revenue expectations in 2014, and they expect stronger results for the year ahead, according to a recent survey from Silicon Valley Bank. The bank's sixth annual "Innovation Economy Outlook" conveys much optimism when it comes to business conditions, individual company performance and staff expansion plans. Regarding the latter, innovative companies are positioned to grow as "global job-creating powerhouses," according to the report, but the competition for critical skills will remain high. IT companies will also need to proactively address continuing shifts with respect to consumer preferences, global markets and new technologies. "Executives are optimistic yet realistic about growth opportunities and their ability to deliver … While confidence is high, it's measured. Leaders recognize that fundraising, access to talent and global expansion won't be easy," the report said. "But their outlook suggests they're up for the challenge." More than 1,100 global executives, most representing IT companies, took part in the research. Here are key findings.

This article was originally published on 2015-03-27
Dennis McCafferty is a freelance writer for Baseline Magazine.