Booming cloud business and Office products helped Microsoft deliver healthy quarterly financial results, while Xbox and Surface slowed down, the company has reported in its latest results.
Now that Microsoft has restored some of its former glory, the company is going for an even more unlikely comeback: rewriting the history of its much-maligned phone business.
Microsoft, the world’s largest software maker, said it will repurchase as much as US$40-billion of shares in a new buyback programme and boosted its quarterly dividend by $0.05 to $0.51/share.
Microsoft has agreed to invest $1-billion in a partnership with research group OpenAI, gaining a prominent cloud-computing customer from the artificial intelligence field.
Microsoft topped quarterly sales and profit projections, fuelled by steady demand for cloud computing services and a surprisingly strong Windows business.
Oracle announced on Wednesday that it has secured a cloud-computing alliance with Microsoft, an acknowledgment the database giant’s go-it-alone approach to the cloud wasn’t working.
When Satya Nadella took over as CEO in 2014, more than a decade of developer defections had left the company in a weak position. All that has changed in dramatic fashion.
First Apple rolled out iPhone software to fight screen addiction. Now Microsoft is offering business software to help restore work-life balance.
Microsoft’s cloud computing business fuelled quarterly sales and profit that topped analysts’ estimates, boosted by several new deals with large corporate clients.
It wasn’t all that long ago that Microsoft was the European Commission’s nemesis. Facebook should take some lessons for the software giant to overcome its regulatory challenges.