Thomas Kurian, chief executive officer of cloud services at Google, speaks during the Google Cloud Next '19 event in San Francisco on April 9. Thomas Kurian, chief executive officer of cloud services at Google, speaks during the Google Cloud Next '19 event in San Francisco on April 9. Photo: Michael Short/Bloomberg NewsTrade uncertainties and a stronger U.S. dollar are squeezing corporate information-technology budgets, prompting chief information officers to focus IT spending on tools and services with the potential to drive growth, Gartner Inc. said in a new report. Global IT spending is expected to reach a total of $3.79 trillion by the end of the year, up 1.1% from 2018 but down from a 3.2% growth rate projected in January, the enterprise tech research group said in the report, published Wednesday. The results are based on an analysis of sales by thousands of technology firms across a range of IT products and services, including hardware, software and telecommunications segments.

Source: Wall Street Journal April 17, 2019 21:49 UTC