Growth in cloud computing saw IBM beat Wall Street expectations for its fourth quarter earnings.
With full year profits of $16.6 billion for 2012, a 5 per cent increase on 2011, IBM said that cloud computing revenues had jumped 80 per cent year on year.
Ginni Rometty, IBM chairman, president and chief executive officer, also identified big data, mobile technology, social business and security as investment areas for 2013.
Cloud computing services combined with developments in mobile computing, are enabling small and midsize companies to access a level of technology that has traditionally not been available to them. Large enterprises continue to invest in cloud computing to make their IT systems more flexible and to reduce their cost base.
Companies of all sizes are seeing a reduced time to market as IT systems can be developed and implemented without many of the restrictions previously associated such as capital funding, support staff training and deployment delays in the underlying infrastructure. Waiting for data centre space sign-off, network integration and project prioritisation is being replaced with a new focus on getting the benefits of the application to the end users as quickly as possible.
With cash still important to many companies this new Opex model for computing services will continue to see growth during 2013.