Josh Olson News
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Microsoft Corp. reported lower profit on higher revenue, after the world’s largest software maker spent more money to market its Windows operating system and lure consumers flocking to tablets and smartphones.
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International Business Machines Corp., the world’s biggest computer-services provider, rose the most in a year after forecasting profit that exceeded analyst estimates.
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Oracle Corp. reported fiscal second- quarter sales and profit that topped analysts’ estimates on growing demand for Internet-based software, which is now on track to bring in more than $1 billion in revenue this year.
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Adobe Systems Inc.’s shares fell in late trading after its profit forecast missed some estimates, as the company steps up spending on sales and marketing and adopts a subscription-pricing approach.
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Adobe Systems Inc. forecast fiscal fourth-quarter sales and profit that missed analysts’ estimates as the company offered a lower-priced subscription version of its flagship Creative Suite software.
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International Business Machines Corp., the biggest computer-services company, fell as much as 3.8 percent in extended trading after reporting third-quarter revenue that fell short of estimates as clients delayed orders.
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Oracle Corp. dropped the most in more than nine years, dragging down other software makers, after it reported quarterly sales and profit that missed analysts’ estimates in a sign companies are spending less on programs that help them manage operations.
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International Business Machines Corp., the biggest computer-services company, fell the most in two months after missing sales estimates for the first time in five quarters.
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International Business Machines Corp., the biggest computer-services company, reported third- quarter sales that missed analysts’ estimates on slowing revenue growth at its software, hardware and services businesses.
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Oracle Corp. declined in late trading after an unexpected drop in hardware sales suggested the largest maker of database software may not be benefiting as much as predicted from its acquisition of Sun Microsystems Inc.
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