Microsoft Corp. (MSFT) is weathering slumping personal-computer sales by focusing on Xboxes, business software and cloud services, as departing Chief Executive Officer Steve Ballmer seeks to make the company less dependent on its Windows operating system.
Microsoft reported fiscal first-quarter sales and profit yesterday that topped analysts’ average estimates on demand for Office programs and database servers. The company’s revenue forecast for the current quarter was also ahead of projections.
The world’s largest software maker is undergoing unprecedented changes, conducting its first-ever CEO search and starting an organizational overhaul aimed at bolstering sales by focusing on devices and services. Companies are snapping up products such as Web-based cloud services and the Lync instant messaging and voice software, bolstering sales even as consumers purchase fewer PCs running Windows.
Microsoft Relying on Gaming, Cloud to Weather PC Storm - Bloomberg