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19/02/2002
ROI software companies upbeat on prospects
A new report on the computer software industry in the Republic of Ireland predicts there will be a major increase in employment levels in the sector over the coming months.
The ISA's 'Software Industry Outlook 2002' report says the vast majority of its members believe that the recession which badly hit the sector last year is over.
The report says that 56 per cent of Irish software companies expect to increase employment while 75 per cent are forecasting higher revenues this year.
Despite reported job losses last year, twice as many software companies (61 per cent) increased employment last year than reduced headcount (29 per cent).
The report also indicates that research and development expenditure is holding up well with 75 per cent increasing or maintaining investment in this area in 2002 with just 16 per cent planning to reduce investment.
Almost two-thirds of ISA members report optimistic indicators in the market since the New Year, including signs of budgets being released and projects which were stalled last year being back on track.
Other positive signs noted in the report include additional sales staff being recruited, developments in GPRS technologies and major customers starting to meet earnings expectations.
There are over 900 companies, including 760 indigenous companies and 140 multinational companies, involved in the software sector in the Republic.
About 30,000 are employed in the sector and the industry represents 11.6 per cent of GDP and over 10 per cent of total exports. (MB)
The ISA's 'Software Industry Outlook 2002' report says the vast majority of its members believe that the recession which badly hit the sector last year is over.
The report says that 56 per cent of Irish software companies expect to increase employment while 75 per cent are forecasting higher revenues this year.
Despite reported job losses last year, twice as many software companies (61 per cent) increased employment last year than reduced headcount (29 per cent).
The report also indicates that research and development expenditure is holding up well with 75 per cent increasing or maintaining investment in this area in 2002 with just 16 per cent planning to reduce investment.
Almost two-thirds of ISA members report optimistic indicators in the market since the New Year, including signs of budgets being released and projects which were stalled last year being back on track.
Other positive signs noted in the report include additional sales staff being recruited, developments in GPRS technologies and major customers starting to meet earnings expectations.
There are over 900 companies, including 760 indigenous companies and 140 multinational companies, involved in the software sector in the Republic.
About 30,000 are employed in the sector and the industry represents 11.6 per cent of GDP and over 10 per cent of total exports. (MB)
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Prudential pay increase comes in for criticism
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
