Microsoft reported a greater-than-expected 30 percent increase in fiscal fourth-quarter profit, helped by sales of its Office software, but profit from its core Windows product fell on soft PC sales. Microsoft posted net profit of $5.87 billion, or 69 cents per share, compared with $4.52 billion, or 51 cents per share, in the year-ago quarter. That easily beat Wall Street’s average estimate of 58 cents, according to Thomson Reuters I/B/E/S.
from Reuters Money:
Holiday shopping: It's down to the 11th hour and rather than jostling for a parking spot or fighting for a fitting room, more consumers are choosing to shop online or on their mobile devices.