Surface Revenue Continues To Decline For Microsoft – ChannelNews

Microsoft have surpassed expectations in their latest quarterly earnings report, reporting $23.3 billion in revenues and $6.5 billion in net income. Innovation across our cloud platforms drove strong results this quarter, said Satya Nadella, chief executive officer at Microsoft, Customers are looking to Microsoft and our thriving partner ecosystem to accelerate their own digital transformations and…

China Pulls Rug Out From Under Wanda as It Plans Restructuring Ahead of IPO – Variety

Dalian Wanda has survived setbacks before, like the time Chinese stock-market regulators tried to slow down its flotation of Wanda Cinema Line. The real estate giant responded with an IPO the following year that gave its multiplex business a market capitalization several times that of AMC, the North American theater group Wanda acquired in 2012. This…