Microsoft could lay off thousands in a major refocussing of its sales force software
The Dollar Business Bureau Microsoft on Monday reorganised its sales force worldwide, which could result in layoff of thousands of employees. According to reports in the media, citing sources, the Washington-based tech giant would hand over pink slips to “thousands” of its staff worldwide. The reorganising in the company includes simplifying the customer units to two segments only - enterprise and SME customers. The company is also establishing some new teams and is centralising tasks under other divisions. Microsoft’s Chief Executive Officer Satya Nadella has sought to cut the company’s focus on software and shift to cloud computing and other business services. “From large multinationals to small and medium businesses to non-profits all over the world, organisations are using Microsoft’s cloud platforms to power their ...
Microsoft posts growth in cloud services, drop in phones
The Dollar Business Bureau Microsoft released its FY 2017 second quarter results on January 26, 2017. It reported total revenues of $24.1 billion, up 1% year on year. The net income ($5.2 billion) has seen an increase of 4% year on year and earnings per share have increased to $0.66, up 6.4% from the previous year. Microsoft has its operations divided broadly into 'Productivity and Business Processes', 'Intelligent Cloud' and 'More Personal Computing'. The 'Productivity and Business Processes' segment showed 10% increase in revenue, amounting to $7.4 billion. Revenue in 'Intelligent Cloud' was $6.9 billion, up 8%, majorly driven by a 93% rise in revenue from Azure. 'More Personal Computing' saw a 5% drop in revenue, which stood at $11.8 billion. The fall is attributed primarily to sluggish phone sales. Growth of ...
Microsoft to buy LinkedIn for $26.2 bn
The Dollar Business Bureau Software giant Microsoft announced on Monday that it is acquiring professional social network giant LinkedIn in a deal worth $26.2 billion. In its largest acquisition till date, the tech giant bets that LinkedIn's social platform can help to jump-start Microsoft's offerings of software packages by combining them with the huge social network of LinkedIn. The deal was an all-cash one between the two. Microsoft agreed to pay $196 per share, 50 percent more than the closing price of LinkedIn shares on Friday. With this deal, Microsoft can use LinkedIn’s database of professional information and distribution network for its software packages. LinkedIn too gains by getting additional funding to reach out to millions of people to join its network. Of late ...
