Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
"Our data is certainly less optimistic than Best's but we
do know that if you you look at the overall employment market we know
that hiring intentions are down, there's a lot of fear and uncertainty
out there regarding interest rates and various aspects of the market. I
think the employment market has been knocked for six in the last three
months because of interest rates, petrol prices and so on. People need
confidence and certainty in what's happening out there and at the
moment they can't feel it."
However, Robert Olivier, whose company plays in
the particularly hard hit financial services sector, does concede that
things might not be that bad for IT&T.
"If they're committed to an IT project, they've got to see it through,"
he says. "I don't think things are being moth-balled like they were
2001-2. No-one is laying people off in droves or anything. But I think
people are going carefully. Hiring intention reports are dismal,
business confidence reports are dismal and that's finding its way into
IT. It's not a bad market but it's a softening market."
David Bass
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