The world’s largest software company, whose shares had climbed about 30 percent over the past 12 months to near 15-year highs, instead worried investors with a series of troubling signals in its earnings report and conference call on Monday.
SEATTLE (Reuters) – The main engine of Microsoft Corp’s historic earnings power – selling Windows and Office to big businesses – is showing signs of waning, and investors are concerned that the shift to the cloud is not making up for the shortfall.
Shares of the world’s largest software company fell more than 4 percent after hours on Monday, as it forecast a slight sequential dip in commercial licensing sales this quarter, and only a modest increase in cloud-based revenue over the quarter just ended.
SEATTLE (Reuters) – Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.
Shares of the world’s largest software company, which have surged to 14 year highs in the past few months, fell 3 percent in after-hours trading, to $45.63.
SEATTLE (Reuters) – Microsoft Corp surprised the tech world on Wednesday with a prototype hologram visor that can bring the Minecraft video game, Skype calls and even the landscape of Mars to three-dimensional life.
The aging tech pioneer, which long ago lost the mantle of the world’s most inventive company, is making a bold play to regain that title in the face of stiff competition from Google Inc and Apple Inc.
SEATTLE, Jan 21 (Reuters) – Microsoft Corp will
give away its upcoming Windows 10 operating system as a free
upgrade to users of the most recent versions of Windows and
Windows Phone, as the world’s largest software company tries to
hold onto customers in the new mobile era that has largely
The announcement by Terry Myerson, who runs Microsoft’s
operating systems group, is a marked change for Microsoft, which
has charged for new versions of Windows, one of its main profit
By Bill Rigby and Anya George Tharakan
(Reuters) – International Business Machines Corp posted a new 2015 profit target and quarterly revenue that both missed analysts’ estimates, as the one-time world technology leader continues to grapple with its journey from low-margin hardware maker to the new world of cloud computing.Shares of IBM, which is still the world’s largest technology services company, but no longer regarded as a leader in innovation, fell 1.8 percent to $154.05 in extended trading.
It was the 11th straight quarter that the Armonk, New York-based company has reported falling quarterly revenue, including the effects of currency. It has seen shrinking revenue for three years now as it sheds low-profit businesses such as cash registers, low-end servers and semiconductors and tries to focus on emerging areas such as security software and cloud services.
SAN FRANCISCO/SEATTLE (Reuters) – Virtual reality goggles, drones and data centers are all driving a hiring spree at Facebook Inc that is set to swell its ranks as much as 14 percent in the near term, according to a review of job listings on the company’s website.
The Internet social networking company aims to add nearly 1,200 new employees, the outgrowth of aggressive investments that executives have said will define the coming year.
By Anya George Tharakan and Bill Rigby
(Reuters) – Chipmaker Intel Corp (INTC.O: Quote, Profile, Research) forecast current-quarter revenue and gross margins that disappointed investors, sending its shares down about 2 percent in extended trading.
Revenue from its mainstay PC business fell about 3 percent to $8.9 billion in the fourth quarter from the third, raising doubts about the recovery of the personal computer business.
SAN FRANCISCO/SEATTLE (Reuters) – This spring, Taser International Inc (TASR.O: Quote, Profile, Research) won a small but high-profile contract to supply body cameras to the London police. But the deal nearly collapsed over one issue: where the video footage would be stored.
In the end, the deal survived only after Taser dropped Amazon.com Inc (AMZN.O: Quote, Profile, Research) as the data storage provider for the year-long project. The fact that Amazon did not have a data centre in Britain was a deal breaker for British officials, according to Taser.
SAN FRANCISCO/SEATTLE (Reuters) – This spring, Taser International Inc won a small but high-profile contract to supply body cameras to the London police. But the deal nearly collapsed over one issue: where the video footage would be stored.
In the end, the deal survived only after Taser dropped Amazon.com Inc as the data storage provider for the year-long project. The fact that Amazon did not have a data center in Britain was a deal breaker for British officials, according to Taser.