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Microsoft vows greater financial transparency with new reporting format

Juan Carlos Perez | Sept. 27, 2013
Microsoft has said a new way of reporting its financial results will be better aligned with its corporate reorganisation and offer more insight into its business.

It replaced them with four engineering groups organized by function, around operating systems, applications, cloud computing and devices, and by centralized groups for marketing, business development, strategy and research, finance, human resources, legal and operations.

One element that hasn't been factored into the reorganization or the new reporting structure is the company's acquisition of the Nokia smartphone business, a transaction that hasn't yet closed. Also, at some point in the coming 11 months, Ballmer will step down as CEO and retire from the company. A replacement search is under way.

 

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