Tech CFOs Sound Off On 2011
77 percent of CFOs at top U.S. tech companies expect revenue to increase in 2011.
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These financial leaders forecast an increase of 10.4 percent over 2010–a big improvement over the slim 1.6 percent increase in 2010 over 2009.
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78 percent of tech CFOs believe that M&A activity will rise this year, with 23 percent expecting it to increase significantly.
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Revenue and profitability for vendors are the most cited primary driver for acquisitions within the tech sector–named as the top driver by 39 percent of CFOs.
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Another 34 percent named market share as a prime M&A driver.
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68 percent of tech sector CFOs also expect an increase in IPO activity in 2011.
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83 percent of tech CFOs say they have a better ability to access capital and credit this year.
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52 percent say continued economic rebound in the United States will be the most important factor of driving tech growth in 2011.
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However, 61 percent believe economic uncertainty could still have an effect on funding.
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19 percent of CFOs say consumer demand for innovative personal technology will be the most important driver of growth, up from 12 percent in 2010.