Microsoft's Q3 earnings beat analysts' expectations, thanks to strong growth in cloud-services demand.
IBM investors claim the company misled them by shifting mainframe revenue to more modern departments like cloud and mobile technology, in order to prop up its stock price.
While the overall result was good, changes to social media advertising and a new investment in alternate realities pulled profits down
The massive growth in digital advertising has driven record revenues at Alphabet and Google
CEO Bill McDermott says the company is continuing to focus on organic growth and will not look at acquisitions
Microsoft's cloud services, Windows and Office helped increase the company's revenues in last quarter, but gaming hardware growth was low
Revenue touched a new quarterly record of $7.1 billion amid the continuing worldwide chip shortage
Sustained high chip demand pushed record profit levels
IBM CEO Arvind Krishna says it will focus on hybrid cloud and AI in the near future