A Gartner, Inc. survey of 145 CFOs and senior finance leaders on April 12, 2020* revealed 51% of respondents said they were preparing for a revenue contraction of up to 30% this year due to the coronavirus pandemic. Twenty-eight percent of respondents believe the impact to their organization’s revenue could be higher than 30% (see Figure 1).
“These results show that the finance function is generally coping well with remote working and is able to carry out a lot of work as usual,” said Mr. Bant. “In fact, recent data from another Gartner poll showed CFOs warming to the idea of remote working as a cost management tactic.”
Gartner clients can read more in CFO Actions in Response to COVID-19 – Week of April 13.