Microsoft earnings jump on pandemic-driven cloud, videogaming demand
The software giant said its fiscal second-quarter net income rose more than 30% to $15.5 billion. Sales advanced 17% to $43.1 billion. Those figures beat Wall Street’s expectation of net income of $12.6 billion and sales of $40.2 billion, according to FactSet.
Microsoft to announce whether it will further suspend PAC donations to those who voted against certification of the Electoral College
"As Microsoft executives have said internally to employees, this is not a normal year," Microsoft wrote in a blog post Saturday. "The company believes that opposition to the Electoral College undermined American democracy and should have consequences."
Tech giants Apple, Microsoft and Tesla headline a busy earnings week
Overall, more than a fifth of the S&P 500 and a third of the Dow Jones Industrial Average are expected to provide their quarterly updates starting Monday.
Big Tech backs Biden's Day 1 immigration, climate executive orders
Big Tech came together Wednesday to cheer President Biden's inauguration and his first executive orders as the 46th president of the United States.
Starbucks, Microsoft, Costco to help Washington’s vaccine distribution
Washington is working with private companies based in the state to help accelerate its coronavirus vaccine distribution plan.
Microsoft joins $2 billion fundraising round for GM's Cruise self-driving car company
Microsoft is investing in GM's Cruise autonomous car company, which will use the Azure cloud computing platform. Cruise is developing self-driving cars and a ride-hailing service to deploy them with.
Microsoft, Oracle, Salesforce join effort to develop COVID-19 vaccination digital passport
The technology would allow individuals to obtain a copy of their immunization records through a digital wallet of their choice, such as Apple Wallet or Google Pay, while those without smartphones would receive paper printed with QR codes containing verifiable credentials.
Bethesda developing 'Indiana Jones' game
The video gaming publisher Bethesda announced Tuesday that it’s working on a new “Indiana Jones” title with a cryptic video trailer and scant other details.
McDonald's, Nike, Boeing, Wells Fargo latest to share stance on pausing political donations after Capitol riots
A growing list of businesses are pausing or reviewing political contributions in response to efforts against the certification of the Electoral College and the Capitol riot by a group of Trump supporters that followed.
SolarWinds hackers viewed Microsoft's source code
Microsoft, one of the most high-profile targets of the SolarWinds hack, announced Thursday that hackers were able to access its source code, though they could not modify it.
Video game revenues in 2020 set to top sports, movie industries
Global video game revenue is up 20 percent in 2020, and will finish the year at an eye-watering $180 billion
Big Tech's stealth push to influence the Biden administration
Executives and employees at tech companies such as Alphabet Inc-owned Google, Amazon.com Inc, Facebook Inc, Microsoft Corp are pushing to place candidates in senior roles at government agencies, according to four sources with knowledge of the matter.
Microsoft president: Russia's alleged hack of US government a 'moment of reckoning'
The suspected Russian hacking campaign that targeted U.S. government agencies and dozens of companies around the globe is a "moment of reckoning" that "illuminates the ways the cybersecurity landscape continues to evolve and become even more dangerous," Microsoft’s president is warning.
Amazon urges judge to set aside $10 billion cloud contract award to Microsoft
WASHINGTON - Amazon.com urged a U.S. judge to toss out the Pentagon's $10 billion JEDI cloud computing contract award after the Defense Department said in September a court-ordered re-evaluation had determined Microsoft Corp's proposal still represented the best value for the government.
For Big Tech, Biden brings a new era but no ease in scrutiny
Lawmakers on both sides of the aisle champion stronger oversight of the industry, arguing its massive market power is out of control, crushing smaller competitors and endangering consumers’ privacy.
Video game sales surge for 2020 holiday season amid console war, pandemic
As the holiday season approaches, more than half of young Americans are turning to video games for gift ideas, a new survey suggests.
CIA awards cloud computing contract worth billions to firms including Amazon, Microsoft, Google
The Central Intelligence Agency has awarded a cloud computing contract said to be worth "billions" to five of America's biggest tech companies.
Microsoft could face Xbox Series X supply shortages until April 2021, exec says
Nearly a week after Microsoft launched the new Xbox Series X and S consoles in time for the holiday shopping season, the gaming unit's CFO put a damper on those looking to score one anytime soon.
Microsoft says Russian, North Korean hackers target vaccine work
Microsoft on Friday said it detected Russian and North Korean hackers trying to steal intelligence from pharmaceutical companies and vaccine researchers.
Microsoft pleads with gamers not to vape into their new Xboxes
Microsoft has a simple suggestion for gamers worried about smoke billowing out of their Xboxes: Don’t blow smoke into them in the first place.