Citi CIO survey flags slowing IT spend as big projects face delays - Reuters News
Sentiment:
Mostly Negative09 Apr 2026 05:10:57 PM
MILAN, April 9 (Reuters) - Information technology budget growth is set to slow to 2.6% over the next 12 months from 3.3% in December with macro uncertainty possibly leading to delays in big projects, according to the latest Citi quarterly survey of chief information officers, published on Thursday.
The decline has been driven by U.S. budget growth moderation, while EMEA improved compared to the previous survey, though 68% of European CIOs stated macro conditions have deteriorated.
"CIOs investment priorities are largely unchanged, still we take note of moderation in priority for financial software and customer facing projects – possibly on some pause in decision making," Citi analysts said in a note to clients.
Macro volatility shifts focus during earnings season on deal dynamics and assumptions embedded in company outlooks
Near-term deal slippage risk is higher for SAP SAPG.DE and Dassault DAST.PA as big deals face longer decision cycles
Sage SGE.L and Nemetschek NEKG.DE should be relatively more resilient
Prolonged uncertainty could weigh on Capgemini CAPP.PA growth recovery given its later-cyclical exposure