Tech Vendors' CFOs Anticipate a Healthy Year Ahead

By Dennis McCafferty

When the chief financial officer is having a good day, everyone is. Fortunately, these fiduciary gatekeepers are expecting good days ahead, according to a recent survey from BDO USA. The majority of tech vendors' CFOs anticipate rising sales revenues this year and expect to hire more employees and better compensate existing ones. The M&A market should also heat up, especially within the software/cloud sales sector, but issues linger such as compliance with an increasingly complex U.S. tax code. Still, this shouldn't change an overall positive, growth-focused outlook. "Although the overall U.S. employment market has been slow to recover, the technology industry has been a bright spot for employment opportunities, particularly in major U.S. technology hubs," said Aftab Jamil, partner and leader of the Technology and Life Sciences practice at BDO USA. "As demand for the latest technology offerings remains strong, hiring wars will continue, and companies will need to compete for the strongest, most innovative talent in the domestic and global markets." Here are key takeaways from the study.

This article was originally published on 2014-03-14