CFOs Anticipate Robust Revenues for 2015

By Dennis McCafferty

Doesn't it seem that—when the CFO is happy—everybody is happy? If this is true at your company, then get ready for a great year: Tech industry CFOs are anticipating double-digit increases in revenues this year, sharply higher than the forecast from two years ago, according to recently released research from BDO USA. The company's 2015 BDO Technology Outlook Survey predicts a boom in valuations and IPOs. A surge in mergers and acquisitions is also expected, as tech companies seek additional revenue sources and greater market share. "Although the tech industry is cautious of overvaluation, finance chiefs are confident that deal activity will continue its momentum well into 2015," said Aftab Jamil, partner and leader of the technology and life sciences practice at BDO USA. "As consumers continue to demand innovative products and investments keep pouring into the sector, technology companies may be better positioned for business growth." Many, in fact, will look to achieve this growth by pursuing strategic partnerships to acquire more capital. A total of 100 tech industry CFOs took part in the research.

This article was originally published on 2015-02-17
Dennis McCafferty is a freelance writer for Baseline Magazine.