Microsoft (Euronext: MSF.NX - news) on Thursday delivered stronger-than-expected earnings for the past quarter, lifted by gains in cloud computing and other business services.
For its first fiscal quarter to September 30, the tech giant said profit was up 16 percent from a year ago to $6.6 billion.
Revenue meanwhile rose 12 percent to $24.5 billion for the one-time techRead more
Microsoft on Thursday reported that its quarterly profit climbed to $6.5 billion, lifted by its shift to computing services hosted in the internet cloud.
The US technology giant said revenue in the recently ended quarter rose to $23.3 billion, with $7.4 billion of that due to its "intelligent cloud" offerings.
"Innovation across our cloud platforms drove strong results this quarter,"Read more
Microsoft is planning layoffs as it refocuses its sales force on making the software colossus a pivotal part of businesses relying on cloud computing, according to media reports.
While many reports forecast the changes would result in thousands of job cuts, Microsoft on Monday only confirmed to AFP that changes were on the way.
"Microsoft is implementing changes to betterRead more
Microsoft said Tuesday it posted a profit of $3.1 billion in the just-ended quarter, swinging into the black a year after hefty charges from writing off mobile phone assets.
The profit in the tech giant's fourth fiscal quarter was nearly identical to the loss from a year earlier, when it took charges of more than $7 billion to reflect theRead more