Microsoft Corporation (NASDAQ:MSFT) traded at $53.30 with decreases of -0.87%.One of Microsoft’s biggest plans to bring more apps to the Windows Store is seeing obstacles to fruition. Microsoft has confirmed that it has delayed Windows Bridge for Android, the tool kit that makes it possible easily port Android apps to the Windows 10 platform. In order to revive the mobile fortunes of its Windows operating system, and close the so-called app-gap problem, Microsoft reported earlier this year that it was making it easier for developers to port their Android apps apps to its platform. One such tool, dubbed Project Astoria, was unveiled in April, but it was never released publicly and no developments about it have since been shared. Citing people familiar with the matter, Windows Central stated last week that Microsoft has put the project on hold for an “indefinitely” long period. The Verge additional corroborates and reports that the firm has pulled back on dedicating employees to the Android development project in favor of its iOS development effort called Project Islandwood. The firm has stately also removed support in Windows 10 Mobile for running ported Android apps. The firm has yearly sales growth for the past five year of 8.40%. While past twelve months price to sales ratio recorded as 4.73 and price to cash ratio remained 4.33.
EPAM Systems, Inc. (NYSE:EPAM) hit high price of $71.90 to trade at $72.04 by are moving up 0.29% with session volume was recorded 13985. PAM Systems purchased software firm Alliance Global Services; raises income lowers EARNINGS PER SHARE to reflect the acquisition (EPAM). The firm reported its acquisition of Alliance Global Services, a software product development services and test automation solutions firm. The acquisition extends the firm’s Global Delivery Platform by adding strong delivery capabilities in North America and India and expanding EPAM’s expertise in software engineering productivity and automation services. With this acquisition, EPAM is revising its full year 2015 income guidance and expects year-over-year income to be at least $905 mln in GAAP stated income (up from $900 mln). Full year 2015 non-GAAP diluted EARNINGS PER SHARE is predictable to be at least $2.66 (from at least $2.90). EPAM will host a conference call on Wednesday, Nov 18, at 8 a.m as concerns of stock price volatility, it was 2.45% for a week and 3.04% for a month.
ChinaNet Online Holdings, Inc. (NASDAQ:CNET) declined -1.20% to trade at $0.83 with shares volume of 11533. ChinaNet Online Holdings, Inc. (CNET) reported that its financial results for the third fiscal quarter of 2015. Incomes for the three months ended September 30, 2015 were $8.5 million compared to $12.1 million for the three months ended September 30, 2014, representing a 29.2% decrease. During the third quarter, incomes from improving internet advertisement, which surged 19%, help to partially offset declines in search engine marketing services, TV advertising and brand management and sales channel building services from the period a year ago. Operating expenses surged to $4.1 million compared to $3.5 million for the third fiscal quarter of 2014 not comprising a $0.3 million gain related to disposal of a former consolidated VIE during the period. The Firm incurred an operating loss of $2.7 million for the three months ended September 30, 2015 compared to an operating loss of $1.2 million in the same period a year ago. Net loss attributable to ChinaNet for the three months ended September 30, 2015 was $2.1 million and loss per share was $0.08 as compared to a net loss of $0.9 million and loss per share of $0.04 in the third quarter of 2014. The Firm showed a negative -38.10% in the net profit margin and in addition to its operating margin, which remained -41.50%.