IT sector needs reboot

Technology stocks are waiting for their sales batteries to be recharged - but it will take time.

The jump in business conditions bodes well for the information technology (IT) services sector, but investors should brace themselves for a potential sell-down in the near term.

While the National Australia Bank business conditions index posted a strong turnaround to four points in December, from negative three points the month before, IT industry insiders have told Eureka Report they have not noticed, and do not expect, a recovery in demand for IT services for the current financial year.

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