Pockets of opportunity despite gloom for IT

While the outlook for the sector was challenging, there are pockets of opportunity. Companies with proprietary technology are expected to fare better in the challenging conditions.

Will GlasgowReporter

Updated Jan 16, 2013 – 8.17am, first published at 12.33am

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Weak business confidence and a surplus-hungry federal government have made for a difficult time for the software and managed information technology service sector. IT projects are often the first to be cut, or delayed, during bouts of cutting by companies and government.

“They get knocked around," said the head of investments at OC Funds Management Robert Frost about the nation’s relatively small IT firms.

Will Glasgow writes on News and Business. Based in our Sydney newsroom, Will is a Rear Window editor. Connect with Will on Twitter.