Since June was the midpoint for calendar-year 2009 budgets, most CIOs are  continuing to redistribute their limited funds for the remainder of this year while also planning ahead for 2010.

There is still much cost-cutting taking place, and yet a new report issued by Computer Economics in late June, finds a surprising bright spot among the cost-cutting. Below is an excerpt from the Executive Summary, which you can find here.

Banking, Finance and Healthcare Show Increasing IT Spending

"While IT budget-cutting is increasing in most sectors of the [North American] economy, a few industries, such as embattled banking and finance organizations, are actually increasing their IT operational spending at the median this year, according to the 20th annual Computer Economics survey of IT spending and staffing metrics.

Overall, Computer Economics, an IT research and advisory firm, reports that most IT operating budgets are showing no growth over the prior year...and about 38% of companies are cutting their IT operational spending. Capital spending budgets are also flat at the median, with nearly half of all organizations reducing capital expenditures."

What is your experience? Let me know how your IT spending forecast is shaping up.