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In the third quarter, these uncertainties caused a delay in IT spending, resulting in late orders, orders which came in too late to ship, and orders that slipped out of the quarter, Tucci said. "That said, to be clear, we still believe that IT spending in the second half of the year will show some growth over last year, albeit at a slower rate than was experienced in the first half of this year."
Last quarter, EMC had expected overall global IT spending to grow 3 percent in 2012, but now expects it to grow 2 percent. Fourth-quarter 2012 growth will be higher than that of the third quarter, but from a lower third-quarter baseline than previously expected, Tucci said. EMC's forecast for 2013 IT spending calls for modest growth, he said.
PUBLISHED OCT. 25, 2012
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