microsoft corp (MSFT) Key Developments
Microsoft Launches its Windows 10 Operating System
Jul 30 15
Microsoft has launched its Windows 10 operating system. Microsoft plans to come out with a Smartphone for Windows 10 operating system besides handsets across price segments on the new platform in 2015. The new OS gives a window into the future as well, with its ability to connect to Internet of Things (IoT), offering it a much t needed turn around and power to compete with the likes of Apple. The Windows 10 OS will also be Microsoft's last 'Windows' operating system, as future versions will be upgrades of the Windows 10 but will be named differently. But it sees the free upgrade to Windows 10 for existing users of Windows 7 and 8.1, as an opportunity to drive adoption of its products across newer segments, such as television as well. Apps for Windows 8 were designed to take up the full screen, just like tablets. Although the user could split the screen, apps could be placed only side by side, not top to bottom, as probably want when having email and streaming video open at once. Windows 10 restores resizing for all apps, touch or not. With Windows 8, the corner start button in desktop mode got to a full-screen, graphical start page in tablet mode. .With Windows 10, the start button functions the way it did with Windows 7 and earlier. Internet Explorer is gone, replaced by Edge. The user gets some functional improvements, such as a virtual marker to draw arrows or circle an entry on a Web page to share over email and other means. As Microsoft shifts its focus to online services, it has been steering users to store files on its OneDrive online storage service As with Dropbox and Google Drive, OneDrive typically keeps copies of all files on computer. Windows 10 restores the approach of keeping copies of every thing, unless limit that due to low storage.
Microsoft Corp to Cut 7,800 Jobs
Jul 21 15
Microsoft Corp. announced that it would cut 7,800 jobs, or nearly 7% of its workforce, mainly in the phone hardware business.
Microsoft Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2015; Provides Tax Rate Guidance for 2016
Jul 21 15
Microsoft Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2015. For the quarter, the company reported revenue of $22,180 million compared to $23,382 million a year ago. Operating loss was $2,053 million compared to operating income of $6,482 million a year ago. Loss before income taxes was $1,756 million compared to income before income taxes of $6,577 million a year ago. Net loss was $3,195 million or $0.40 per diluted share compared to net income of $4,612 million or $0.55 per diluted share a year ago. Net cash from operations was $6,816 million compared to $9,514 million a year ago. Additions to property and equipment were $1,781 million compared to $1,330 million a year ago. Acquisition of companies, net of cash acquired, and purchases of intangible and other assets was $626 million compared to $5,626 million a year ago. Adjusted operating income was $6,385 million compared to $6,609 million a year ago. Adjusted EPS was $0.62 compared to $0.56 a year ago.
For the year, the company reported revenue of $93,580 million compared to $86,833 million a year ago. Operating income was $18,161 million compared to $27,759 million a year ago. Income before income taxes was $18,507 million compared to $27,820 million a year ago. Net income was $12,193 million or $1.48 per diluted share compared to $22,074 million or $2.63 per diluted share a year ago. Net cash from operations was $29,080 million compared to $32,231 million a year ago. Net cash from operations was $29,080 million compared to $32,231 million a year ago. Additions to property and equipment were $5,944 million compared to $5,485 million a year ago. Acquisition of companies, net of cash acquired, and purchases of intangible and other assets was $3,723 million compared to $5,937 million a year ago. Adjusted operating income was $28,172 million compared to $27,886 million a year ago. Adjusted EPS was $2.63 compared to $2.64 a year ago.
The company expects full year tax rate to be 24%, plus or minus 1 point, excluding the net impact from the Windows 10 deferral.
Microsoft Corp. and General Electric Sign an Agreement to Deliver Microsoft's Cloud Productivity Suite Office 365
Jul 20 15
Microsoft Corp. and General Electric have signed an agreement to deliver Microsoft's cloud productivity suite Office 365 to GE's more than 300,000 employees across 170 countries worldwide. GE's IT organization, which is recognized as one of the most strategic and forward-thinking among large enterprises worldwide, selected Office 365 based on Microsoft's ability to deliver rich productivity experiences at massive scale across devices and platforms, as well as its ability to rapidly and reliably deploy to GE 's large global employee population. Specifically, Office 365 will provide several key benefits to GE and its employees, including these: A comprehensive and integrated set of productivity capabilities including email, Skype for Business calling and meetings, real-time document co-authoring, and team collaboration. Extensibility of the Office 365 platform, which will enable GE to enhance the capabilities of critical line-of-business applications by connecting to Office 365 through open APIs· IT controls and security capabilities that enable GE to provide employees with secured access to information and full productivity capabilities on a multitude of devices, while adhering to corporate policies, industry regulations and legal requirements.
Microsoft to Launch Surface Tablets in India
Jul 20 15
Microsoft announced that the company plans to launch its Surface devices in India. The company did not provide an exact date for the Surface tablets launch in India.