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Today, purchases of computer hardware and software account for half of all capital spending by businesses.
For example, servers and higher-profit services and software account for the same overall percentage of Dell's revenue as they did last year.
Today, phones based on Google's Android software account for 48percentt of the market, while Apple's iPhone has 32percentt and BlackBerrys have dropped to a distant third place with 12percentt.
"I'm surprised that, magically, the money has shown up," said Mr. Desai, a software account executive who, like most customers in the United States, has only 80 percent of his money.
"He's always had the agenda of getting the money back in the hands of customers as quickly as possible," said Mahesh Desai, a software account executive who was an MF Global customers.
Jennifer Millington of Manhattan, a 28-year-old financial software account executive, has been renting group houses with friends almost every summer in towns on the New Jersey shore like Belmar, South Belmar, Sea Girt and Spring Lake since graduating from college in 1993.
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Last year, Microsoft software accounted for roughly 22percentt.
The software accounts for nearly a third of Microsoft's revenue.
In the most recent quarter, software accounted for just 2 percent of Hewlett-Packard's total revenue.
In 2006 software accounted for 20% of its revenue and for 40% of profits, up from 35% two years earlier.
Software accounting can be complex, subject to varying interpretations, and that is especially true under international rules.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com