Economic improvement will drive IT services market growth throughout 2011 - Sponsored Whitepaper

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Economic improvement will drive IT services market growth throughout 2011, although growth will not return to pre-recession levels during the year

Despite recent acquisitions, IBM GS, HP Services and Fujitsu GSB retained their leading positions in overall revenue while Xerox Services, Aon/Hewitt and Cognizant were the growth leaders in the 4Q10 Professional Services Business Quarterly Vendor Benchmark report

HAMPTON, N.H. (April 6, 2011) — IT service vendors are experiencing improved overall demand levels, albeit with patchy results, as global economic conditions are advancing at uneven rates. Vendors in TBR’s 4Q10 PSBQ Vendor Benchmark are more aggressively engaging in portfolio and resource investments to capture ramping IT services demand. IT services revenue growth continued to progress and trailing 12-month (TTM) sequential revenue growth improved to 1.5% in 4Q10 from 1.2% in 3Q10. A growing number of IT service vendors are returning to sustainable growth and this trend will remain. We estimate 1Q11 TTM sequential IT services growth will be 1.4%.
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