Salesforce.com Inc., the largest maker of online customer-management tools, forecast profit for the fiscal second quarter that missed some analysts’ estimates as companies curtail spending on new business software.
Intuit Inc., the largest seller of personal-finance software, reported fiscal third-quarter sales and profit that topped analysts’ estimates as more customers used Web tools for tax-preparation and other tasks.
Microsoft Corp. named Amy Hood its first female chief financial officer, putting a 10-year veteran in charge of debt, finances and a growing cash pile at a software maker beset by plunging demand for personal computers.
Microsoft Corp.’s third-quarter profit exceeded analysts’ estimates, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system.
Oracle Corp. reported sales and profit that missed analysts’ estimates as corporate customers transitioning to Web-based programs bought less hardware and software. The shares fell the most since 2011.
Microsoft Corp. has sold about 1.5 million Surface devices, people with knowledge of the company’s sales said, a slow start in its bid to crack the fast-growing tablet market to make up for slumping personal-computer demand.
Microsoft Corp.’s fiscal second- quarter earnings will be less than previously expected due to weak demand for personal-computers and the company’s new tablet, Surface, according to Brent Thill, an analyst at UBS AG.
Microsoft Corp. tumbled the most in more than a year after Goldman Sachs Group Inc. said the software maker is struggling with slack personal-computer sales and its push into consumer devices has failed to gain traction.