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. 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.
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 Inc. should sell its Bing search business to Facebook Inc., a deal worth about $5 billion that would help both companies compete with Google Inc., said Rick Sherlund, an analyst at Nomura Equity Research.
Oracle Corp. is introducing two computer systems based on chip designs acquired from Sun Microsystems as it aims to win market share from International Business Machines Corp. and reverse a slide in hardware sales.
Microsoft Corp. pushed out Steven Sinofsky, president of the Windows operating system division, after clashes with executives, including Chief Executive Officer Steve Ballmer, people with knowledge of the move said.
SAP AG unveiled the most significant overhaul to its mainstay enterprise software in two decades, in a move to cement its dominance in that market while springing an attack on Oracle Corp.’s database business.
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.