European IT Revenues Jump Seven Percent in Q1 with UK leading the Way

Several major European markets led by the UK have seen IT growth make an impressive comeback in Q1 2014, according to the latest figures from analyst CONTEXT.

There was growth in all months during the quarter, with Januaryup+4.8%,February up 5.8% and March booming with a 10.2% increase.

The UK led the way in terms of revenue, as it has done now for the past four quarters, with sales topping €2.5bn.

Four sectors moved into year–‐on–‐year growth in the UK in Q1 apart from servers(–‐ 7.2%), with desktop computing (32.5%), printing consumables (22.4%) and computing components (21.2%) the best performing.

By contrast, in Germany five sectors still languish in zero or negative growth: mobile computing (-­‐4.9%), disk storage (0%), printing consumables  (-­‐6.1%),  networking systems (-­‐13%) and servers (-­‐15.3%).

(Source: CONTEXT)