Shares of one of the technology world's oldest and best-known names rose 4 per cent to $108.50 in trading before the bell.
Facebook, Google, Microsoft and Twitter -announced to join the open source initiative called Data Transfer Project (DTP).
Microsoft has developed an interactive mirror for Swedish clothing brand H&M with speech and face recognition features that kicks into gear automatically as a customer walks up to it.
Riding on its growing Intelligent Cloud portfolio and early investments in Intelligent Edge, Microsoft has surpassed $100 billion in revenue for the first time in fiscal year 2018.
Microsoft Corp posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
The company’s flagship Azure cloud product recorded revenue growth of 89 percent in the fourth quarter ended June 30. Its shares were up slightly in after-hours trading.
A European Union antitrust judgement against Google on Wednesday invites more competition from software developers including Microsoft Corp (MSFT.O), Amazon.com Inc (AMZN.O) and Samsung Electronics Co (005930.KS), but still leaves them at an disadvantage.
Amazon will provide a new set of real-time statistics and graphics on live baseball games later this season, expanding its cloud computing deal with US Major League Baseball.
Microsoft-owned LinkedIn on Tuesday said its India member base has doubled in the past four years to cross 50 million in the country.
Microsoft is rolling out the new version 8.0 of Skype for desktop, replacing its previously active "Skype Classic 7.0", from September 1.