Stamford, Conn. (March 4, 2004) -- Information technology buyers expect their budgets for 2004 to grow across the board, with the software segment leading the way, according to a report by Stamford, Conn.-based Gartner Inc., a provider of research and analysis on the global information technology industry.

IT spending returned to budgeted levels in January -- evidence that U.S. companies are optimistic, according to Gartner. The research firm's Technology Demand Index (TDI) for January recorded a score of 100 for current spending -- meaning that businesses spent exactly what they had budgeted for the month. IT spending among U.S. enterprises had been under budget since the launch of the TDI in March of 2003. The index is based on interviews of more than 600 IT decision makers in small, midsize and large public and private companies.

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