Revenues in the field of Information Technology
Author: Joseph J. Trail
Revenues in the field of Information Technology (IT) grew 3.6 percent in 2010, to 18.097 million euros, compared to 8 percent decline in revenue experienced a year earlier, according to a study Ametic technology by employers. However, the Canary Islands was the region which grew least in the markets of Information Technology with 0.4 percent.
According to data Ametic, this growth was higher than the EU (2.7 percent) and the activity of the sector contributed 1.56 percent of GDP, improving by three points the value of 2009.
For this scenario Ametic “favorable” is due to a combination of good outcomes associated with the sale of equipment in the market, which allowed an improvement of 3 percent, and exports, in line with the last five years, improved 11.2 percent.
However, import growth in line with changes in the product market, resulting in an upturn in trade deficit, which amounted to 3768.30 million, 5.7 percent higher than in the previous year.
Employment drops 0.7 percent
In terms of employment in the sector, companies providing products and services information technology in 1403 reduced the number of people employed in 2010, to 194,588 employees, which represents a decrease of 0.7 percent.
Ametic explained that this was mainly due to the reduction of market development services that traditionally serves as the main engine of employment generation.
By segment, sales of equipment improved by 7.2 percent to 3.503 million euros, thanks to the renovation of the teams in the business sector and the growth in the sale of tablets and netbooks.
Meanwhile, revenue in the market ‘software’ grew by 0.8 percent to 1,824 million euros, while its IT services revenues declined 0.2 percent, despite the content management via the Internet grew by over 20 percent.
Regionally, all areas made progress in their respective markets of IT, gaining an average of 1.9 percent, with Catalonia grow above this overall percentage, an improvement of 2.6 percent, while Madrid did at a rate of 1.3 percent.
Experienced the greatest advances of Navarra (4.8 percent) and Andalusia (4.4 percent), while the Canary Islands (0.4 percent) and La Rioja (0.7 percent) were less expanded markets.
THE FINANCIAL SECTOR: MAIN SOURCE OF INCOME
The financial sector remained the main source of income for the sector, contributing over 30 percent of the total, followed by the government, which accounted for 23 percent of IT purchases, while business and industry sectors provided by 22 percent and the remaining 25 percent came from other client sectors.
Regarding the efforts in research and development, these companies spent 4.2 percent of turnover, representing a total of 762 million euros, although this item has been reduced in value for the first time since 1994.
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