CompTIA Index Reveals Revenues On Target

By Cheryl Knight, contributing writer

According to the CompTIA IT Industry Business Confidence Index, revenues are reported as being on target or better for 72 percent of IT companies, with 15 percent ahead of their goals. CompTIA surveyed 293 companies for the study.

The results show only 27 percent behind their projects halfway through 2014 the year, and CompTIA points out midway through 2013, 68 percent of companies were on target or ahead of revenue goals; while 32 percent lagged behind their goals.

By company size, 93 percent of medium-sized IT firms and 80 percent of large companies are at or above their revenue targets for 2014, and 74 percent of small companies and 58 percent of micro firms said they are on target or ahead of goals.

The IT Industry Business Confidence Index fell slightly in Q3 by 1.2 points, The good news is that confidence in the industry still stands in positive territory at 60.1 on a scale of 100 points. Furthermore, projections show that the second half of the year should see a 2.0-point increase.

To calculate the index, CompTIA uses three different metrics: the companies surveyed, the IT industry, and opinions of the economy in the U.S. Data for the current Q3 Index was collected in July 2014 through an online survey.