Companies ready to spend on IT hardware again

Companies ready to spend on IT hardware again

In-house IT hardware spending has been on hold thanks to executives flip-flopping on whether to move to cloud computing. It hasn’t been because they’ve actually shifted to cloud services.

The problem has been merely inertia caused in companies by “decision-making around the cloud,” says Morgan Stanley in a new financial research note published this week. The financial services firm suggests that once enterprises complete their cloud assessments, their checkbooks will open once more.

In fact, Morgan Stanley, which advises people on industry investments, says investors could see double-digit earnings growth from the IT hardware sector in 2018. And it has upgraded its fiscal view from “cautious” to “attractive.”

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