spending trends

According to a survey of 100 chief information officers carried out by UBS, U.S. and European IT budgets are expected to drop 2 % over the next year, less than the 5 % decline expected three months ago. Meanwhile, the Swiss bank`s quarterly survey showed that U.S. CIOs were less pessimistic, expecting a 1.3 % decline in budgets, while their European counterparts predicted a 3.4 % drop.