The Traderszone Network

Published in TZ Latest News 22 October, 2015 by The TZ Newswire Staff

Cloud services bolster Microsoft results, shares soar

The company, under Chief Executive Satya Nadella, has been shifting its focus to software and cloud services as demand for the Windows operating system slows in a weak PC market. Microsoft’s shares rose as much as 9.8 percent to $52.75 in after-hours trading, their highest since March 2000. Microsoft has also been cutting costs and streamlining its operations to focus on more lucrative businesses.