Choose speciality channel:   Choose sector channel:     Search the site

Industry Research


TMT companies ahead of the crunch

TMT companies ahead of the crunch

One year on from the start of the credit crunch, TMT companies (technology, media and telecoms) are bucking the doom and gloom trend by remaining optimistic about the future of their businesses, according to BDO Stoy Hayward LLP.

The new research from accountants and business advisers BDO Stoy Hayward LLP, reveals that nearly a quarter (23 per cent) of TMT companies are forecasting growth of more than 20 per cent over the next three years, and almost than two-thirds (62 per cent) are forecasting growth of more than 10 per cent.

In addition, an overwhelming majority of CFOs (80 per cent) are confident that their companies will hit their revenue targets for growth over the next three years.

Julian Frost, head of TMT at BDO Stoy Hayward, said, “Given the current economic climate, these are an astonishingly positive set of results, which shows just how resilient these businesses are. This is in stark contrast to a number of other sectors across the UK who are struggling at the moment.

“Despite there being scores of column inches filled with doom and gloom, there is a light at the end of the tunnel for some sectors of the economy.”

Last week, Rupert Murdoch, chairman and CEO of News Corp, reported a 27 per cent increase in net income for the fourth quarter despite warning that the company  continues to face a "much more difficult economic environment".

Revenues at the media company rose 17 per cent to $8.6 billion (£4.3bn) and quarterly operating income rose 21 per cent to $1.5 billion (£766m).Also last week, ITV revealed its revenues had plunged £1.54 billion into the red in the first half of the year as it cut the value of its broadcasting businesses including Meridian, Anglia and HTV, by £1.6 billion due to a drop in advertising sales for September.

While the figures have shown that two thirds (60 per cent) of companies have found that the credit crunch has harmed their ability to raise capital, three quarters (75 per cent) are maintaining that it remains easy or very easy for their company to gain access to the funding it may need to operate effectively.

Frost added, “This research has shown that there are a number of reasons for the TMT sector to be optimistic at the moment. Partly this resilience is due to the fact that savings from IT projects can be measured, therefore they continue to be valued more highly, and are easier to commit to, than less tangible investment plans whose benefits are less easy to measure.”

free viagra samples coupon viagra discount coupons online
free discount prescription cards internet drug coupons online viagra coupons
cialis free sample coupons link pet prescription discount card
discounts and coupons partial abortion when is it too late to have an abortion
discount coupons for prescriptions coupon for prescription prescription drug discount cards
how to abort a baby aspiration abortion cost early abortion options
abortion clinics houston link how does the abortion pill work
abortion questions when is it to late to get an abortion
amoxicillin 500mg capsules how often amoxicillin 500mg capsules how often amoxicillin 500mg capsules how often
free prescription drug cards free prescription discount cards
gabapentin and hydrocodone high gabapentin and hydrocodone high
sumatriptan migraine headache sumatriptan migraine headache sumatriptan migraine headache
prescription savings card go cialis discounts coupons
cialis dose 30 mg click cialis dosage for enlarged prostate
aida kreuzfahrt aidadiva aida angebote
naproxennatrium naproxen nsaid
levodopa carbidopa entacapone bioequivalence levodopa carbidopa entacapone carbidopa levodopa entacapone combination

Check out 12ahead, our brand new platform covering the latest in cutting-edge digital marketing and creative technology from around the globe.

12ahead identifies emerging trends and helps you to understand how they can apply to modern-day companies.

We believe 12ahead can put you and your business 12 months ahead of the competition. Sign up for a free trial today.