microsoft-logoCost-cutting saves Microsoft stock after rough 3Q

SEATTLE — Shares of Microsoft Corp. jumped more than 10 percent Friday, the first trading session since the software maker said sinking personal computer shipments pushed sales and earnings down significantly from a year ago. Redmond-based Microsoft makes most of its profit from selling the Windows operating system and business software such as Office. With PC shipments down about 7 percent in the first three months of the year, there was little the world's largest software maker could do to improve returns in the quarter.

Full article (361 words) »