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Rising AI, Analytics Budgets Could Lift Microsoft, Snowflake, Datadog
Benzinga·2025-06-04 02:02

BofA Securities analyst Brad Sills disclosed its software spending survey on Tuesday.Since his last survey in December, Sills’ IT professionals’ survey suggested that software spending growth intentions have come down a bit for the second half of 2025 and 2026. Software spending is expected to grow +9.9% for 2025, down 100 basis points from his December survey, and +10.8% for 2026, down 40 basis points. He said this aligns with management and channel commentary that changing macro policies are muddling the ...