Could you please tell me the IT budgets of the following companies: PepsiCo, JPMC, Bank of America, Citigroup, J&J, 3M, First Data, Itau Unibanco, Cargill, Dell/EMC, Amex

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Could you please tell me the IT budgets of the following companies: PepsiCo, JPMC, Bank of America, Citigroup, J&J, 3M, First Data, Itau Unibanco, Cargill, Dell/EMC, Amex

The IT budget estimations for 2016 are as follows: PepsiCo $816.4 million, JPMC $6.9 billion, Bank of America $5.9 billion, Citigroup $2.9 billion, J&J $3.94 billion, 3M $873.2 million, First Data $567.4 million, Itau Unibanco $4.2 billion, Cargill $4.6 billion, Dell/EMC $2.1 billion, Amex $2.1 billion.
The IT budgets for PepsiCo, JPMC, Bank of America, Citigroup, J&J, 3M, First Data, Itau Unibanco, Cargill, Dell/EMC, Amex have been triangulated as percentages of the revenue the companies reported for 2016 based either on the market or industry average spending on IT.

TRIANGULATION

IT budgets for the required companies were not readily available as they are listed in financial reports under technology/innovation spending. Therefore, we triangulated the IT budget values as a % of the annual revenue, depending on the region or the industry. The IT budget is estimated for 2016 as it was calculated based on 2016 revenue figures.

Depending on the market, there are different average percentages that companies invest into their IT budget. The regional averages for percentage of revenue invested in the IT budget are as follows:
"JPMC-6.5% (New York City)
Citigroup-3.6% (New York City)
3M-2.9% (Minneapolis-St. Paul, MN)
First Data-4.9% (Atlanta, GA)
Cargill-4.3% (Minneapolis-St. Paul, MN)
Dell/EMC (is considered as single company 'Dell technologies') -3.3% (Boston)"
If the company isn't listed as a single market on the list above, the average is applied based on the industry the company is in. For example, for the food & drinks industry the average of 1.3% of the revenue is invested in the IT budget. Therefore, this percentage is applied for Pepsi's calculation.

PepsiCo

PepsiCo's annual revenue for 2016 is $62.8 billion. PepsiCo is in the food & drinks industry which invest an average of 1.3% in IT budgets.

PepsiCo-$62.8 billion * 1.3% =$816.4 million
PepsiCo's IT budget for 2016 was approximately $816.4 million.

J.P. Morgan Chase (JPMC)

JPMC's annual revenue for 2016 is $105.5 billion. JPMC invested an average of 6.5% in its IT budget in 2016.

JPMC's — $105.5 billion * 6.5% = $6.86 billion
JPMC's IT budget for 2016 was approximately $6.86 billion.

Bank of America

BOC's annual revenue for 2016 is $93.6 billion. BOC is in the banking & financial services industry where companies invest an average of 6.3% in IT budgets.

Bank of America Corp -$93,6 billion * 6.3% =$5.9 billion
Bank of America's IT budget for 2016 was approximately $5.9 billion.

Citigroup

Citigroup's annual revenue for 2016 is $82.4 billion. Citigroup invested an average of 3.6% in its IT budget in 2016.

Citigroup- $82.4 billion * 3.6% = $2.97 billion
Citigroup's IT budget for 2016 was approximately $2.97 billion.

J&J

J&J's annual revenue for 2016 is $71.9 billion. J&J is in the pharmaceutical industry where companies invest an average of 3.2% in IT budgets.

J&J — $71.9 billion * 3.2% = $3.94 billion
J&J's IT budget for 2016 was approximately $3.94 billion.

3M- $873.16 million

3M's annual revenue for 2016 is $30,1 billion. 3M invested an average of 2.9% in its IT budget in 2016.

3M- $30,1 billion * 2.9% =$873.16 million
3M's IT budget for 2016 was approximately $873.16 million.

First Data-$567.42 million

First Data's annual revenue for 2016 is $11.6 billion. First Data invested an average of 4.9% in its IT budget in 2016.

First Data — $11.6 billion * 4.9% = $567.4 million
First Data's IT budget for 2016 was approximately $567.4 million.

Itau Unibanco-$4.21 billion

Itau Unibanco's annual revenue for 2016 is $66,9 billion. Itau Unibanco is in the banking & financial services industry where companies invest an average of 6.3% in IT budgets.

Itau Unibanco — $66,9 billion * 6.3% = $4.2 billion
Itau Unibanco's IT budget for 2016 was approximately $4.2 billion.

Cargill

Cargill's annual revenue for 2016 is $107,2 billion. Cargill invested an average of 4.3% in its IT budget in 2016.

Cargill- $107,2 billion * 4.3% =$4.61 billion
Cargill's IT budget for 2016 was approximately $4.61 billion.

Dell/EMC

Dell's annual revenue for 2016 is $64.8 billion. Dell invested an average of 3.3% in its IT budget in 2016.

Dell Technologies — $64.8 billion * 3.3% = $2.14 billion
Dell's IT budget for 2016 was approximately $2.14 billion.

Amex

Amex's annual revenue for 2016 is $33.8 billion. Amex is in the banking & financial services industry where companies invest an average of 6.3% in IT budgets.

Amex — $33.8 billion * 6.3% = $2.13 billion
Amex's IT budget for 2016 was approximately $2.13 billion.

CONCLUSION

The IT budget estimations for 2016 are as follows: PepsiCo $816.4 million, JPMC $6.9 billion, Bank of America $5.9 billion, Citigroup $2.9 billion, J&J $3.94 billion, 3M $873.2 million, First Data $567.4 million, Itau Unibanco $4.2 billion, Cargill $4.6 billion, Dell/EMC $2.1 billion, Amex $2.1 billion.
Sources
Sources