Microsoft Corporation (NASDAQ:MSFT) surpassed Wall Street estimates after jumping 17% in revenues, but its profits saw a 7% drop because of Nokia’s struggling phone business. Microsoft acquired Nokia in April to challenge companies like Samsung and Apple in the smartphone market and it added almost $2 billion to Microsoft’s quarterly revenue.
Microsoft Corporation Posts
Microsoft Corporation (NASDAQ:MSFT) has confirmed that it is cutting up to 18,000 jobs in the next year as part of a new streamlining plan under newly appointed CEO Satya Nadella. Microsoft said that around 12,500 of the professional and factory positions will be cut as part of the $7.2 billion acquisition of Nokia.
Microsoft announced last week that is has acquired InMage, which is a business continuity service that helps companies migrate data between private and public clouds and replicate on-premise assets in the cloud. The terms of the deal were undisclosed. Microsoft acquired InMage to enhance Azure and make it more enticing for enterprise customers. Microsoft said that the acquisition will help it provide cloud business continuity solutions for any customer IT environment.
Barnes & Noble has decided to split off its Nook Media business from its retail operations as part of a plan that the company came up with a while ago. Barnes & Noble launched the Nook e-book reader in 2009 to take advantage of the digital book market.
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Microsoft has launched a new program that encourages people to trade in a MacBook Air for a new 12-inch Surface Pro 3. Microsoft’s trade-in offer is allowing MacBook Air owners to get up to $650 off a new Surface Pro 3.
Microsoft’s Windows Phone app store has surpassed 270,000 apps and 10 million downloads per day. Windows Phone is growing in popularity and Nokia is working rapidly to develop high-quality apps in the ecosystem.
Microsoft is planning to launch a Surface Mini, according to a user manual that was bundled with the Surface Pro 3. Microsoft started shipping its first batch of the Surface Pro 3 tablet-laptop hybrids last week.
Brad Smith (pictured above), the general counsel at Microsoft Corporation (NASDAQ:MSFT), discussed the NSA fallout at the GigaOm Structure conference in San Francisco. Smith said that the fallout for the NSA spying scandal is getting worse for U.S. tech companies. Smith warned attendees that U.S. political establishment figures need to figure out how to rein in its spy agencies otherwise there will be heavy repercussions for tech companies.