Microsoft Corporation (NASDAQ: MSFT) is a Redmond, Wash.-based technology company. Microsoft develops, manufactures, licenses and services a variety of products primarily for business and consumer computing, gaming and mobility.

In the company's latest quarterly filing, Q2 2011, its revenue was $19.95 billion. Second-quarter growth rates for revenue and earnings per share were 5 percent and 4 percent, respectively. Microsoft's operating income, net income and diluted earnings per share for the quarter were $8.17 billion, $6.63 billion and $0.77 per share, respectively.

Its Xbox and Kinect gaming systems garnered a strong consumer response in Q2, said the company in a statement. "The pace of business spending, combined with strong consumer demand, led to another quarter of operating margin expansion and solid earnings per share growth," said Peter Klein, chief financial officer at Microsoft.

In mid-March, Microsoft finally rolled out Internet Explorer 9. It was downloaded some 2.35 million times in the first 24 hours of its launch. This was good news for Microsoft, especially compared to the 1 million downloads that the beta of IE9 achieved in the first 24 hours. However, Firefox 3 was downloaded more than 8 million times in its first day back in 2008.

Windows Phone 7 recently hit the market and according to CEO Steve Ballmer, nine out of 10 of its customers are recommending the platform and some 8,000 applications reside in the Microsoft Marketplace. Still, the company delayed until the end of March the rollout of its first major Windows Phone 7 update that features a cut-and-paste capability. This follows a failed software update for WP7 in February.

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Box expands unlimited storage to lower-cost Business plan

Box says it will offer unlimited storage to its lower-cost Business plan, and announced upcoming plans to integrate more closely with Microsoft's Office 365.

Microsoft: Ditch password managers and strong passwords

Rather than trying to use unique, complex passwords for every single Web service or computer system, a paper from Microsoft suggests you use simple password for sites and services that don't provide access to sensitive or valuable data.

Growing IT layoffs add to recruiter feeding frenzy

As the industry scrambles to figure out what the massive-scale Microsoft layoffs will mean for the tech giant, the immediate concensus is that it's now 'open season' for IT recruiters.

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Check out the hottest mobile IT news for July 18, including the uncertain future for many of Microsoft's workers, Apple not doing enough to appease the EU, two Windows tablets Lenovo is ditching, the expected growth for ultraportables and LTE RAN versus the alternatives.

Just one year left for an estimated 15M Windows Server 2003 deployments

Microsoft Windows Server 2003 will cease to be supported by Microsoft as of July 14, 2014--less than a year from today.    

News Scan: Tech layoffs now total over 50,000 in 2014; IT needs to guarantee remote and flexible work access; more

The top news stories for July 18, 2014.

News Scan: Microsoft to lay off 14% of workforce; Connected car services to generate $17B in 2018; more

Check out the hottest mobile IT news for Thursday, July 17, including Microsoft to lay off 14 percent of workforce over next year,   location-based push notifications will be the mobile marketing rage this holiday, connected car services to generate $17B in 2018, predicts Infonetics, MFFM software vendors supporting more mobile devices, operating systems and IT needs to assemble portfolio of digital workplace tools and services, advises Gartner.

Spotlight: Microsoft's passion play takes a (predictably) tragic turn

You know that Microsoft hasn't quite yet joined the world of you and me when the functions of running the business are orchestrated on the public stage like a symphonic masterwork.

Microsoft cutting 18,000 jobs, or 14% of workforce

Two weeks ago Microsoft employees were told to get ready for dramatic cultural changes at the company, and today comes word that up to 18,000 of current staff won't be a part of those changes.