IBM on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business. Shares of the IT giant jumped as much as 7 percent aftermarket before easing to trade flat, with the company reiterating its forecast for mid-single-digit revenue growth in 2022, compared with 3.9 percent last year. “This will be the first quarter where you’ll see what today’s IBM looks like, and that is a higher revenue growth company,” Chief Financial Officer James Kavanaugh told Reuters in an interview. The 110-year-old company has doubled down on the software and consulting businesses after shedding its former managed infrastructure unit in November following years of growth and margin pressures. Revenue at IBM’s consulting business rose 13.1 percent, while cloud revenue jumped 16 percent to $6.2 billion in the quarter. With cloud …