SAN FRANCISCO -- If the economic downturn hits the information technology sector, investors in business software companies are probably safe for one more quarter of earnings reports.
"If we see it, we'll see it in the second quarter," says Joanne Correia, managing vice president for Gartner. Yet Correia isn't convinced that software companies will report much damage even then.
Still, results for 2008's first quarter will be telling, says Stuart Williams, senior analyst at Technology Business Research. "Everybody's been very quiet about their results."
Earnings reports out so far this year showed that the final quarter of 2007 was strong, with IBM(IBM Quote) landing deals that had slipped out of the prior quarter. "There is no indication that the train has come off the tracks," Williams said. ...
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