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Tech firms eye increased sales and valuations in 2014

The majority of tech companies expect sales to increase in 2014, with business valuations following suit as industry and consumer confidence returns.

A new BDO survey shows that 67 per cent percent of tech company chief financial officers expect increased sales in 2014 - which represents a 15.5 per cent increase on the number of respondents expressing similar sentiment in last year’s study.

Furthermore, half of those polled expect technology business valuations to rise in the coming months, indicating that sales positivity is translating into optimism about strength in share prices.

Overall, an overwhelming 97 per cent of CFOs think business valuations in 2014 will be at least as good, if not better, than last year.

It comes as Lenovo this week announced that both net profit and net sales have risen, while Cisco also expects growth to return this year after a period of slightly subdued sales, with the company adjusting its product line to take advantage of the increasing number of devices connected to the internet.

By Tony Aynsley