Tech Industry Revenues, M&A Will Heat Up in 2013

  • By

    Dennis McCafferty

    | Updated 2013-02-27 | Posted 2013-02-26
Tech Industry Revenues, M&A Will Heat Up in 2013

Tech Industry Revenues, M&A Will Heat Up in 2013

In the Black  58% of tech industry CFOs expect their organization's revenues to increase in 2013.

If your company's chief financial officer is smiling these days, it's probably because he likes what he's seeing in the 2013 revenue forecasts. The vast majority of technology industry CFOs, in fact, expect their company's revenues to increase over those achieved in 2012, according to a recent survey from BDO USA. In addition, the findings show that these days, IT companies can fully expect to play the part of either the hunter or the hunted, as a wealth of CFOs anticipate that merger and acquisition (M&A) activity will heat up. "We are at the beginning of a new ecosystem in the tech industry," says Aftab Jamil, partner and director of the Technology and Life Sciences practice at BDO USA. "The 'acquire or retire' mentality is growing among technology companies that see acquisitions as a way to enhance IP and gain access to talent that will advance their brand and product portfolio." An estimated 100 CFOs took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.

Submit a Comment

Loading Comments...

By submitting your information, you agree that channelinsider.com may send you channelinsider offers via email, phone and text message, as well as email offers about other products and services that channelinsider believes may be of interest to you. channelinsider will process your information in accordance with the Quinstreet Privacy Policy.

Thanks for your registration, follow us on our social networks to keep up-to-date