TechnologyAccounting SoftwareFuture brighter for business software

Future brighter for business software

Business software suppliers are more optimistic about sales prospects despite an increase in the number of companies reporting declining sales for the three months to September.

The latest quarterly survey by the Business Application Software Developers Association found while the number of companies reporting increasing software sales remained unchanged at 51%, nearly a quarter of respondents said sales had slumped, compared with just 18% three months ago.

But looking ahead, 54% of companies expected revenues to grow, with just 16% of companies expecting decline.

‘Overall, my assessment is that we should see a return to growth in 2002, particularly with the number of companies both in Europe and the UK which have not yet upgraded to deal with the euro.’

The survey also revealed that supply chain and e-procurement software were the biggest sellers throughout the quarter, each accounting for more than half of sales.

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