Microsoft reported a surprise drop in sales and profit for the first three months of the year, a sign the tech giant is still trying to find its way in the post-PC era.
Wall Street was expecting the company to show positive results from a series of changes that CEO Satya Nadella has been making. Instead, revenue for the January-March quarter fell 6 percent to $20.5 billion, while profit plunged 25 percent to $3.76 billion.
Thursday's report came as other industry stalwarts reported their own struggles with seismic shifts in the way people use technology.
On Monday, IBM reported its 16th consecutive quarter of revenue decline, as commercial customers abandon the...