Two weeks ago, I published an article about the state of corporate IT budgets during these economically tough times. At the same time, I gave all of you the chance to tell us whether your JD Edwards software spending is increasing, decreasing, or remaining the same. Here are some early results from the poll.
Will your spending on JD Edwards software increase, decrease, or remain the same during the 4th quarter of 2008 compared to the 3rd quarter of 2008?
Our spending will increase 20% (8 votes)
Our spending will decrease 25% (10 votes)
Our spending will remain the same 55% (22 votes)
As you can see, most companies are keeping their JD Edwards spending steady from the third to the fourth quarter. This is not unusual because during any six-month period, most companies simply pay their support contracts and do not purchase additional users or modules. It is interesting to note, however, that 20 percent of the companies are increasing their JD Edwards spending while 25 percent are reining costs in.
Taken as a whole, this means that there may be a net reduction in JD Edwards spending during the fourth quarter among the 40 companies who have voted so far. That said, 40 votes is a small sample from a statistical standpoint, so the margin of error for this survey is very high. That makes it hazardous to draw any conclusions about the state of JD Edwards spending for all customers.
You can help us to get a more statistically accurate sample by doing one simple thing. Go to my spending article right now and cast your vote on the above question (if you have not done so already). Your vote will be totally anonymous, so your privacy is guaranteed. Please cast your vote by the end of this week as I will close the survey on December 7. Thank you for participating!