MW IT Index Q2 2014
Now that the second quarter of 2014 is complete, it is time to evaluate the IT industry's overall performance by consulting the MW IT Index®, our proprietary analysis of selected IT companies in the United States, India and China.
It has been an eventful quarter, with technology-related announcements playing a large role in the news cycle. In the U.S., tech companies continued their shift toward portable computing, as Amazon announced their first phone and Microsoft announced that they would make Windows free on devices with screens smaller than 9 inches.
In China, established sectors are turning to big data to get the most out of their customer base. And in India, technology was at the heart of new Prime Minister Narendra Modi's party platform and government focus.
SaaS, which remains the highest valued sector in our Index, experienced a volatile quarter with valuations slightly down from Q1 highs, while IT Services, Supply Chain and Software Indexes were mostly flat for the quarter. Abroad, Indian IT Services companies benefited from a new technology-focused and business-friendly government policy and Chinese companies continued branching out into higher valuation services.
For more analysis, click here to read the 2Q14 Edition of the MW IT Index.