Financial sector tops server spending - Gartner

The financial sector spent more on servers than any other sector in 2007, according to a Gartner report. This marked a continuation of the heavy server spending in the previous year.

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The financial sector spent more on servers than any other sector in 2007, according to a Gartner report. This marked a continuation of the heavy server spending in the previous year.

Financial firms spent $13.9bn (£7bn) globally on servers last year, accounting for a quarter of all sales. Their expenditure dwarfed that of communications firms, who spent $7.9bn (£4bn), and the public sector, which spent $6.4bn (£3.2bn).

Financial firms and the public sector spent the most server money on IBM technology, but HP led in server sales to communications firms.

“The recent US credit crunch negatively impacted the US financial services sector’s server spending toward the end of 2007,” said Kiyomi Yamada, principal research analyst at Gartner. “However we did not see serious spending cuts on a global basis.”

Last month, research firm IDC predicted that server spending would slow this year, in the face of an impending recession.