Corporate information-technology budgets are expected to inch up over last year, as large firms continue to shift more workloads to the cloud, according to Morgan Stanley.
Despite recent federal tax cuts aimed at boosting corporate spending, most chief information officers say their IT spending plans haven’t changed, the bank said in a report Wednesday.
The results are based on a survey of 75 U.S. and 25 European CIOs at companies in a range of industries, most with more than $1 billion in annual revenue. The survey was conducted online and by phone between February and March.
More of the Wall Street Journal article from Angus Loten
