Cloud Computing and IT Cost Reduction.

From the Rackspace survey, of those already using cloud computing:

• The largest sample, 41 percent, said cloud computing reduced costs from 10 to 25 percent, while 19 percent said it providing 25 to 50 percent in IT savings, and 27 percent said it only cut costs by 10 percent or less.

• 54 percent said use of cloud services helped accelerate IT project implementation, including application development, while 17 percent begged to differ. The rest weren't sure.

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• 56 percent saw increased profits while 18 percent reported no benefit to the bottom line, with 26 percent unsure.

• 49 percent said cloud computing helped grow their businesses, with 21 percent seeing no such benefit, and 30 percent unsure.

• 59 percent said cloud services provided better disaster recovery.

• 56 percent were using open source cloud technology, though in the United States that figure is 70 percent.