San Francisco -- More than two-thirds of CFOs at U.S. technology companies expect an increase in sales revenue in 2010, according to a new study by financial advisory firm BDO. That's up from just 30% who anticipated an increase last year. And in a dramatic shift from previous years, that vast majority (81%) of those interviewed expect merger and acquisition activity in the tech sector to increase this year -- up from 43% in 2009. "Technology CFOs are cautiously optimistic about the economy and growth in the sector this year, but they are still planning on conservative, managed growth for 2010," said Douglas Sirotta, a partner in the Technology Practice at BDO. "For the most part, the technology industry will continue to focus on streamlined operations, cost-cutting and innovation wherever possible. Companies that are strong and looking to grow, however, can afford to be opportunistic in this market."
http://www.bdo.com/news/pr/1256
http://www.bdo.com/news/pr/1256
