Cloudy With A Chance Of Taxes

The Wall Street Journal’s “CIO Journal” reported on a recent CompTIA survey about the growing concerns over tax, trade and other federal policies by U.S. IT firms.

On its 100 point IT Industry Business Confidence Index, CompTia’s score came in at 64.2, down from the first quarter but up from the same time period a year ago.

CompTIA’s press release on the new index numbers was more bull than bear:

“For the 14th consecutive quarter the aggregate rating came in above the 60-point threshold,” said Tim Herbert, senior vice president, research and market intelligence, for CompTIA. “The confidence level of industry executives reflects the continued strength of the IT sector, as well as a steadily improving economy.”
– via www.comptia.org

Herbert also noted that “A strong majority of executives — 83 percent — said their companies are on target or ahead of revenue goals for the year.”

Most of the headwinds seemed to center around uncertainty about tax and trade policy in the U.S.