31 Jul '14, 9am

UK tech sector ‘firing on all cylinders’

The latest KPMG/Markit Tech Monitor UK survey indicates that improving economic conditions have ushered in a sustained period of strong top line growth for tech companies, which in turn has boosted investment spending plans across the sector. Almost 61% of companies asked reported a solid upturn in year-ahead expectations for business activity and more than 43% said they were planning to hire more staff. Tudor Aw, head of technology at KPMG, said: "The UK tech sector is firing on all cylinders with sustained growth outstripping the wider economy. Importantly, this good news story looks like it will continue in the year ahead with many tech companies planning to loosen the purse strings to hire staff and raise capital expenditure." It is also clear from the study that capital expenditure plans within the tech sector are at their most upbeat since data was first collated in ...

Full article: http://www.newelectronics.co.uk/electronics-news/uk-tech-...

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