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Wednesday, April 22, 2015

Wal-Mart is Largest IT Investor

In the world?  Surprising claim, that I find hard to believe.   Still there is a lot there:

" ... Walmart topped IDC's "The Big Guns: IDC's Worldwide Top 10 IT Spenders" report beating out heavy hitters like Citigroup, AT&T and ExxonMobil for the title of biggest IT spender. The competition for the top spot wasn't even close, with Walmart nearly doubling second place finisher Bank of America's seemingly paltry $5.33 billion investment, with a jaw-dropping $10.16 billion tally according to IDC estimates.

The $10-billion estimate for Walmart's IT expenditures includes hardware, software, IT services, telecommunication service, and internal IT spending. With revenue approaching $500 billion in 2014 the retailing giant certainly has money to spend, and although $10 billion is a massive figure it is really just a drop in the Walmart bucket. ... " 

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