Efforts to reform the U.S. health-care and bank lending systems are likely to lead to an increase in information-technology spending, said one potential beneficiary, Sudhakar Ram, chairman of IT firm Mastek.
Overhauling the country’s IT systems could cost as much as $250 billion to $300 billion over five to seven years, he said in an interview.
Is corporate IT spending showing signs of life?
Jefferies enterprise software analyst Katherine Egbert thinks so. She issued about a flurry of research notes today, saying various nice things about the improving climate, lifting targets and estimates for an assortment of stocks.
This morning, the market is suffering in Dell (DELL) hell.
Last night, the company posted results for its fiscal second quarter ended July, which beat the Street impressively on the top line, but at the cost of lower-than-expected gross margins, resulting in a miss at the EPS level.
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