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Microsoft still gets most of its revenue from personal computer software, including Windows and Office, but it talked up its progress in cloud computing initiatives in a big way on Thursday. On his first quarterly conference call with analysts, new Microsoft (MSFT) CEO Satya Nadella hammered home his goal of making the company a mobile-first, cloud-first enterprise. Investors were wary, though. Microsoft stock was flat in late-morning trading on the stock market today. Nadella summed up Microsoft’s fiscal third-quarter results in two words: execution and transition. “We delivered solid financial results and we took several steps to reorient Microsoft,” he said. Microsoft earned 68 cents a share, down 6% from the year-earlier quarter but topping the consensus target of 63 cents among analysts polled by Thomson Reuters. Sales for the March quarter slipped a fraction to $20.4 billion, a shade over Wall Street’s forecast. For the June quarter, Microsoft expects… Scalper1 News
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