A chart illustrating how much money fast-growing companies spent on computer-related investments in 1994.
A Coopers & Lybrand survey found that fast-growing companies last year spent an astonishingly high 7.84% of revenues on computer-related investments. What's more, they projected that this year they would up that expenditure to an average of 8.68%.
Percentage of fast-growing companies projecting that in the next 12 months their information-technology investment would . . .
Remain the same 55%
Uncertain/didn't know 3%
Source: "Trendsetter Barometer," Coopers & Lybrand, fall 1994.