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Thursday, June 21, 2012

Gartner downgrades enterprise application revenue forecast

Analyst firm Gartner on Wednesday said it has lowered its 2012 growth estimate for the global enterprise applications market to $120.4 billion, citing "limited signs" of economic improvement in the short term. Global spending on business applications will rise 4.5 percent from last year's $115.2 billion total, Gartner said. The firm had previously predicted a 5 percent uptick this year.

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