CFO survey
Market Growth
67% of tech-vendor CFOs anticipate increased sales revenues in 2014, up from just over 50% last year.
Rising Head Count
91% say the number of employees at their companies will increase or remain the same in the next year, up from 88% last year.
Salary Projection
98% expect total compensation for workers to remain the same or increase in 2014.
Staying Put
95% do not anticipate offshoring their operations in coming years.
Outbound Traffic
59% of vendors are outsourcing manufacturing and 54% are outsourcing R&D, while 41% are doing so with IT services and programming.
M&A Activity Continues
94% say M&A activity will increase or stay the same this year, about the same as last year.
Hot Commodities
60% expect the competitive software/cloud computing sector to dominate most deal activity, while 24% feel the social-media sector will play a lead role.
Top Drivers of M&A Activity
30% are pursuing M&As to boost revenue and profitability, 28% want to increase tech assets and intellectual property, and 18% seek to expand market share.
Taxing Issue
42% of tech vendors’ CFOs say the complex U.S. tax system hampers their ability to compete in the global marketplace.
IRS/State Stress
37% are concerned about domestic corporate tax rates, and 27% are troubled by aggressive state tax laws. Nearly 1 in 5 are concerned about the expiration of tax incentives.