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Backing up data is main source of income after line's cut (9)

Ross

I believe the answer is:

archiving

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'backing up data is main source of income' is the definition.
I can't tell whether this definition defines the answer.

'line's cut' is the wordplay.
'line' becomes 'arc' (arc is a kind of line).
'cut' becomes 'hiving' (I can't justify this - if you can you should give a lot more credence to this answer).
'arc'+'hiving'='ARCHIVING'

'after' is the link.

Can you help me to learn more?

(Another definition for archiving that I've seen is " Keeping a record".)

I've seen this clue in The Telegraph.
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