Software outsells hardware for sixth straight quarter


Software outsells hardware for sixth straight quarter

Ian Grant

UKplc bought more software than hardware for the sixth quarter in a row, according to the Office for National Statistics (ONS) third quarter bulletin on business investment.

The provisional estimate of the total computer software investment by the private sector, at current prices not seasonally adjusted (CPNSA), for the third quarter of 2010 is £1.6bn, and £1.4bn for hardware, the ONS said.

For the third quarter of 2010, 10.0% of private sector business investment was on computer software and hardware, it said. Of this, 5.3% went on software and 4.7% on hardware.

Software and hardware purchases were 10% of total investment by the private manufacturing sector, and 11.3% of total investment by the service sector, the ONS said.

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