Goldman Sachs raises 2010 IT spending view, predicts double-digit online ad growth next year

May 6th, 2009 BANGALORE - The Indian IT industry is set to witness a single-digit growth in software and services exports in 2009-10 because of global recession and lower technology spending in the US and Europe, a top industry body official said Wednesday. 'Software exports of Indian IT industry are projected to grow in single digit this fiscal due to economic slowdown and lower tech budgets in major markets like the US and Europe.

June 26th, 2009 Gartner predicts PC shipment growth in 4QSTAMFORD, Conn. — Gartner Inc.

October 12th, 2009 BANGALORE - As the global economy recovers fully, the resilient Indian information technology industry can bounce to double-digit growth again, Infosys Technologies chief executive S. Gopalakrishnan has said adding that his own company will expand in Brazil, Mexico and China.

July 13th, 2009 CIT Group, Goldman Sachs, Microsoft are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: CIT Group Inc., down 18 cents at $1.35 Despite indications of government support, shares of the troubled lender sank as talks with regulators on help raising capital continued. Goldman Sachs Group Inc., up $7.57 at $149.44 Analyst Meredith Whitney, famous for her pessimistic calls, upgraded the investment bank to a "buy" a day before its earnings release.

July 14th, 2009 Goldman alumnus find their way to political powerA glance at the roster of top Goldman Sachs talent that has found its way to Washington's halls of power illustrates why the financial giant has become known as the New York Yankees of Wall Street. Over the years, Goldman's golden boys have made the leap from Manhattan, the capital of finance, to Washington, the capital of political influence.

January 13th, 2009 SAN FRANCISCO - Global purchases of information technology goods and services may decline by three percent in 2009, ending seven years of growth, US research firm Forrester said in its latest report on global IT market outlook It said global IT purchases by businesses and governments will fall to $1.66 trillion. The decline is a distinct shift from 2008, when global IT purchases increased by eight percent.

July 24th, 2009 On the Call: Microsoft CFO Chris LiddellSEATTLE — With businesses cutting back on technology spending and consumers favoring low-end notebooks, the average amount Microsoft Corp. brings in from selling a copy of its Windows software has fallen.

August 13th, 2009 NEW DELHI - The growth of the information technology (IT) security market in Asia Pacific dipped to 28.3 percent in 2008 from 36 percent a year before, a leading global IT industry researcher said in a report released Thursday. "This growth is remarkable considering in the fourth quarter of 2008, global economies began to feel the impact of the credit crunch and the global economic downturn, said IT sector tracker Gartner.

July 15th, 2009 Stock futures rise on hopes for economyNEW YORK — Investors who have been looking for signs the economy is on the mend are pushing stock futures higher Wednesday in the wake of better-than-expected earnings reports from Intel and Goldman Sachs. The upward move ahead of the market opening in New York followed gains in overseas markets.

September 16th, 2009 Analyst upgrades VanceInfo, raises estimatesNEW YORK — Shares of offshore software developer VanceInfo Technologies Inc. surged 10 percent Wednesday after an analyst upgraded the company's shares and raised his estimates citing strong demand from telecommunications companies.

July 15th, 2009 Stock futures rise on hopes for economyNEW YORK — The stock market looked to open higher Wednesday on better-than-expected earnings reports from Intel and Goldman Sachs. Chipmaker Intel Corp.'s report after the market closed Tuesday lifted investor confidence because its sales figures suggest consumers are purchasing computers at a faster rate than anticipated, a potential sign the economy is recovering.

July 6th, 2009 Global ad spend still to fall, signs of bottomingA key advertising forecaster said Monday that global ad spending shows signs of reaching bottom as some sectors held up better than expected during the second quarter. Although ZenithOptimedia, a unit of French advertising conglomerate Publicis Groupe, slashed its 2009 spending estimate for a second time this year, the forecaster now expects a mild recovery next year and a stronger rebound in 2011.

September 26th, 2009 The Chief Executive Mark Hurd of Hewlett Packard Co told an audience at the company's yearly analyst meeting on Thursday that IT industry is going to witness growth during the year 2010. The IT spend is expected to bounce back during the next fiscal year.

September 3rd, 2009 CHANDIGARH - India is expected to clock double-digit growth in the software and IT enabled services (ITeS) exports next year as the US and other markets are recovering from the meltdown, a top official of the trade association NASSCOM said here Thursday. "We are expecting IT exports to grow in double digits as the software markets of the US and other countries are recovering well.

July 10th, 2009 India's Infosys says quarterly profit up 1.6 pctMUMBAI, India — Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit and warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.