NEW YORK (Reuters) – Satya Nadella has enjoyed a fairly smooth ride in his first 100 days as Microsoft Corp chief executive, but he risks hitting a rough patch next week when he unveils the latest models of the tepidly received Surface tablet.
Investors have lapped up Nadella’s “mobile first, cloud first” strategy to recast the venerable software maker as a “devices and services” company, sending its shares up 9 percent since he took the helm.
SEATTLE (Reuters) – Microsoft Corp’s (MSFT.O: Quote, Profile, Research, Stock Buzz) new chief executive on Thursday won rave reviews for his first public encounter with Wall Street analysts who said he communicated willingness to transform the world’s largest software company as it scrambles to catch up in the mobile-computing era.
Marking the first time in five years that a Microsoft chief executive joined a quarterly earnings conference call, veteran insider Satya Nadella, who took over the helm on February 4, said his first weeks in the new job were taken up with getting to know the company afresh.
SEATTLE (Reuters) – Microsoft Corp’s (MSFT.O: Quote, Profile, Research, Stock Buzz) new chief executive got off to a winning start with Wall Street on Thursday as the world’s largest software company eased past analysts’ profit estimates despite the pressure of falling computer sales.
Its shares rose almost 3 percent in after-hours trading to $40.96, keeping the stock at levels not seen since the turn-of-the-century Internet stock boom.
SEATTLE (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) said on Thursday fiscal third-quarter profit fell slightly as sales of personal computers continued to slide, hurting its consumer business, but it still managed to beat Wall Street’s pessimistic forecasts.
The world’s largest software company reported quarterly profit of $5.66 billion, or 68 cents per share, compared with $6.05 billion, or 72 cents, in the year-ago quarter.
SEATTLE (Reuters) – Microsoft Corp’s board faces a lawsuit over the way it handled an error with its Internet Explorer browser that ended up costing the company a record-breaking $731 million fine by European antitrust regulators.
The lawsuit, brought by shareholder Kim Barovic in federal court in Seattle on Friday, charges that directors and executives, including founder Bill Gates and former Chief Executive Officer Steve Ballmer, failed to manage the company properly and that the board’s investigation was insufficient into how the miscue occurred.
SEATTLE (Reuters) – First tip: Don’t come to Seattle right now.
The rainiest March on record just ended, and April started just as wet.
Seattle gets less rainfall overall than New York and Washington D.C., as any local will tell you. But there’s no use denying it: the rain takes longer to come down, and that means a lot of wet and dreary days.
Come back between late June and mid-September, when Rain City blooms into the Emerald City and green leaves, blue lakes and white-capped mountains shimmer through the long, dry, sunny days.
SAN FRANCISCO (Reuters) – Microsoft Corp said on Wednesday it will give away its Windows operating system to makers of smartphones and small tablets as it seeks to grab a toehold in those fast-growing markets.
Microsoft’s move, announced at its annual developers conference in San Francisco, is an attempt to broaden the small user base of mobile versions of Windows, in the hope that more customers will end up using Microsoft’s cloud-based services such as Skype and Office.
SAN FRANCISCO (Reuters) – Microsoft Corp Chief Executive Officer Satya Nadella took the wraps off an Office software suite designed for Apple Inc’s iPad on Thursday, a widely anticipated move that underscores the new chief’s willingness to point the lumbering software giant in a new direction.
At a news conference Thursday, executives demonstrated a new “touch-first” version of Office crafted for the iPad, available for download as a free app, though a subscription is needed to let users create or edit documents. Significantly, executives did not demo any software on Windows machines.
ARLINGTON, Washington (Reuters) – Rescue workers found additional bodies on Tuesday in the rubble left by a Washington state landslide that officials previously confirmed had killed at least 14 people and left scores more missing.
“Additional slide victims have been found at the landslide site off of (State Route) 530 earlier today,” Snohomish County spokeswoman Shari Ireton said in a statement. “The number of victims has not yet been confirmed.”
ARLINGTON, Washington (Reuters) – Rescue workers combed through muck and rubble on Tuesday left by a devastating weekend mudslide in Washington state that killed at least 14 people and left scores more missing, and authorities said they expected the death toll to rise through the day.
Even as hopes dwindled of plucking anyone else out alive, about a dozen workers searched overnight for as many as 176 people reported missing since a rain-soaked hillside collapsed on Saturday, swallowing dozens of homes near Oso, Snohomish County Executive John Lovick said.