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June 29, 2007

More IT spending expected

According to the results of a poll conducted by Framingham-based CIO Magazine, companies predict a 7.2 percent increase in IT spending during the next 12 months.

The last CIO Magazine Tech Poll, which was conducted in March, found that CIOs expected a 5.1 percent increase in IT spending.

The magazine found that companies aren't necessarily buying into extreme economic scenarios. Their budget plans suggest they see moderate growth ahead rather than a "boom or bust," the magazine said.

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