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Confidence returns to TMT sector

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13-06-2002 12:34pm

#1

dahamsta

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Join Date: October 2000

Posts: 15270

The Register:

Confidence among companies in the TMT sector is increasing, according to a survey by business advisors Ernst & Young.

In a recent survey it found that telecommunications, media and technology (TMT) sector companies were focused on growing revenue, increasing profitability and raising the capital needed to fund this growth.

The majority of the 131 TMT execs interviewed for the Ernst & Young HiTech Monitor survey said they anticipated that the market would grow by up to 5 per cent over the next six to 12 months.

Strangely, six out of ten respondents predicted that their own growth would be at least twice that of the market's increase.

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