Big technology companies are seeing their prized customers in the
financial services sector pull way back on existing and new I.T.
projects, according to recent data issued by Forrester Research.
Polling almost 950 high-ranking technology managers at large
businesses in North America and Europe, Forrester found that more than
40 percent of the companies have reined in their technology spending.
More businesses in the United States have cut their spending than
anywhere else, and financial services firms have been the most
aggressive in trimming their technology purchases.
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