Australian software spending reaches $3.19 billion


Wednesday, 04 June, 2014


Australian software spending reaches $3.19 billion

Australian businesses invested a record $3.19 billion in software in the first quarter of 2014 as they sought efficiency gains, while productivity inched ahead, according to gross domestic product statistics released today by the Australian Bureau of Statistics.

Reflecting the rising importance of technology within the economy, the seasonally adjusted private computer software spend rose 1.9% in the first quarter, to be up 8.1% from a year earlier. The report also indicated that the IT spend has hit record levels for several quarters.

The ABS data shows national productivity, as measured by GDP/hour, grew 2.2% from a year earlier and rose just 0.2% over the quarter. The Australian economy grew 1.1% during the March quarter, to be up 3.5% from the March quarter in 2013.

Photo: Neil Willsey

Related Articles

Keeping IT teams resilient by reducing complexity

Architectural diversity, API sprawl and fragmented tooling make it difficult for IT teams to see...

How AI projects can avoid the POC graveyard

How to ensure your next AI project moves beyond the proof of concept.

Agentic AI reality check: don't confuse hype with readiness

Agentic AI is here, but are banks ready for the transformation?


  • All content Copyright © 2025 Westwick-Farrow Pty Ltd