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Microsoft profit hurt by Nokia, but revenues jump
Microsoft said Tuesday profits took a hit from its newly acquired Nokia phone division but that revenues got a strong lift from cloud services. The US tech giant's new chief executive Satya Nadella said the results suggested that Microsoft's shift to services amid declining personal computer sales was starting to pay off. The earnings came just days after Microsoft announced its biggest job cuts ...
Tue, 22 Jul 2014 14:29:47 -0700

Microsoft sees end to Nokia losses, shares rise after hours
By Bill Rigby SEATTLE (Reuters) - Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade. Microsoft's chief financial officer said in a call with analysts that the company plans to take $1 billion in costs out of the Nokia operation and stop its losses by fiscal 2016 - which ends in June 2016 - following ...
Tue, 22 Jul 2014 20:44:46 -0700

Microsoft's profit takes a hit as new strategy takes shape
The purchase of Nokia’s mobile-phone unit cut into Microsoft’s profit, but a surging cloud business and a new effort to launch its applications on a greater number of gadgets kept analysts optimistic about the company’s prospects.
Tue, 22 Jul 2014 15:23:02 -0700

Microsoft Cloud Results, Nokia Key To Fiscal Q4 And Outlook
Microsoft (NASDAQ: MSFT ), set report fiscal fourth-quarter results after the market closes Tuesday, faces investor focus on pending job cuts as well as its success with cloud-based products. Wall Street ...
Tue, 22 Jul 2014 12:22:06 -0700

Microsoft CEO sees 'bold' plan as 4Q tops Street
REDMOND, Wash. (AP) — Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units — Nokia phones and Bing search — would become profitable in 2016.
Tue, 22 Jul 2014 16:42:39 -0700

Microsoft CEO, Seeking Growth, Tells Managers to Step It Up
The day Satya Nadella became Microsoft Corp.'s chief executive officer, he invited several dozen vice presidents to breakfast and had a simple, calm admonition for them: "Can you step it up?" The engineer's tone was a departure from the yelling and wild gesticulations favored by his salesman predecessor Steve Ballmer and the razor-sharp interrogations of co-founder Bill Gates. "He's one of those ...
Mon, 21 Jul 2014 21:01:00 -0700

Microsoft's post-Nokia acquisition profit falls short of estimates
Microsoft missed analyst estimates for profit in the company’s first earnings release since picking up Nokia’s mobile business in mid-April.
Tue, 22 Jul 2014 15:30:00 -0700

Microsoft revenue rises, profit falls as Nokia absorbed
SEATTLE (Reuters) - Microsoft Corp said on Tuesday its fiscal fourth-quarter revenue rose, beating Wall Street expectations, but its profit fell 7 percent, partly due to the effect of incorporating the handset business of Nokia.
Tue, 22 Jul 2014 15:18:45 -0700

Microsoft Earnings Got Pounded by Nokia Losses
Microsoft Corp. (NASDAQ: MSFT) reported fourth fiscal quarter and full fiscal year 2014 results after markets closed Tuesday. The software behemoth reported diluted earnings per share (EPS) of $0.55 on ...
Tue, 22 Jul 2014 13:39:38 -0700

Microsoft makes design central to its future
Apple is famous for its design sensibility, but now Microsoft is putting a new emphasis on the look and feel of its products to try to be more competitive
Tue, 22 Jul 2014 11:00:50 -0700

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