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In the wake of Microsoft layoffs, shareholders win as the company reports $27 billion profit and becomes only the second company worth $4 trillion
In the wake of Microsoft layoffs, shareholders win as the company reports $27 billion profit and becomes only the second company worth $4 trillion

Tom's Guide

time5 hours ago

  • Business
  • Tom's Guide

In the wake of Microsoft layoffs, shareholders win as the company reports $27 billion profit and becomes only the second company worth $4 trillion

In spite of (or perhaps more accurately because of) recent mass layoffs at Microsoft, the company is now valued at $4 trillion, only the second company to hit that valuation on the stock market after Nvidia. As we enter the dog days of summer, many companies are reporting their earnings for the previous quarter. Microsoft is among them and according to its latest earnings call, the tech giant hauled in a Scrooge McDuck-esque $27.2 billion in net income, up 24% from the same period last year. And it can all largely be blamed on AI and Azure, Microsoft's cloud computing platform where the company is heavily investing in AI while it remains the tech industry's obsession du jour. "Cloud and AI is the driving force of business transformation across every industry and sector," CEO Satya Nadella said in the report. "We're innovating across the tech stack to help customers adapt and grow in this new era, and this year, Azure surpassed $75 billion in revenue, up 34 percent, driven by growth across all workloads." These are numbers and business wins that won't be appealing to the more than 9,000 people that were laid off by Microsoft in the last month across multiple sectors of the business. Especially after Nadella's inane comments about AI and the layoffs. "This is the enigma of success in an industry that has no franchise value. Progress isn't linear. It's dynamic, sometimes dissonant, and always demanding," Nadella wrote in a company blog. "But it's also a new opportunity for us to shape, lead through, and have greater impact than ever before." Get instant access to breaking news, the hottest reviews, great deals and helpful tips. According to the financials revenue was up for Microsoft across the board, including in its Xbox, Windows, Microsoft 365 and LinkedIn divisions—just not as much as Azure cloud and AI. As GamesRadar reports, the company had a choice to cut about four percent of its workforce or reduce some spending on AI. It's obvious which way that axe fell, now that Microsoft has laid off roughly 9,000 people in the last few months and roughly 15,000 so far this year. Now, investors who don't even work for the company are reaping the profits as Microsoft's AI bet appears to have paid off financially—at least in the short term.

Nintendo Direct Today: Time, duration, streaming details and updates on Switch 2 and OG titles
Nintendo Direct Today: Time, duration, streaming details and updates on Switch 2 and OG titles

Economic Times

time18 hours ago

  • Entertainment
  • Economic Times

Nintendo Direct Today: Time, duration, streaming details and updates on Switch 2 and OG titles

Amid weeks of swirling speculation, Nintendo has officially confirmed its next digital event, a Nintendo Direct Partner Showcase , scheduled for July 31. The Japanese gaming giant announced via social media on Monday, noting the presentation will span approximately 25 minutes, highlighting upcoming releases for both the Nintendo Switch and its next-gen successor, the Switch confirmation puts an end to widespread rumors of a July stream. The Direct, focused on third-party publishing partners, will be streamed globally at 6am PT / 9am ET / 2pm BST / 3pm CEST, as mentioned in a report by Games Radar. Fans can stream the event at Nintendo Direct's official website and Youtube channel Nintendo's announcement emphasized that the stream will showcase titles from external developers, meaning fans hoping for major first-party reveals, like a new Super Mario game, might want to temper expectations. Nonetheless, hopes remain high for updates on several highly anticipated games. Hollow Knight: Silksong , which was recently confirmed for a playable demo at Gamescom 2025 and teased for a "holiday" launch by Xbox, could receive a definitive release date during the showcase. With the Nintendo Switch 2 already boasting hits such as Cyberpunk 2077 and Elden Ring latter recently rated by the ESRB, fans can expect more third-party expansions to the console's growing library. The upcoming Direct is likely to cement third-party support and provide much-needed clarity on projects currently under wraps. Meanwhile, Nintendo is also expected to unveil 'Switch 2 Editions' of popular existing titles such as Animal Crossing: New Horizons , Xenoblade Chronicles , and Kirby Star Allies , promising improved performance and visuals, as per a report by Games Radar online. A resurgence of retro content is anticipated, with fans pointing to clues in a recent Nintendo 64 trailer suggesting potential additions like Donkey Kong 64 , Super Smash Bros. (N64) , and even GameCube titles to the Nintendo Switch Online speculation, the possibility of a re-release of the original Smash Bros. gains traction, especially with director Masahiro Sakurai currently focused on Kirby Air Riders .One title under intense scrutiny is Mario Kart World . Speculation abounds over costume updates and potential new characters such as Diddy Kong , Dixie Kong , and Cranky Kong . Whether these additions will make it into the July 31 showcase remains to be strategy of staggering releases across fiscal quarters means confirmed heavyweights like Pokemon Legends: Z-A , Drag x Drive , and Donkey Kong Bananza will remain spaced out. However, surprises are expected, including potential updates on unannounced titles from Camelot Software Planning and remakes like Golden Sun .As fans await the Nintendo Direct today, expectations are calibrated across nostalgia, performance upgrades, and new content. For Nintendo, the showcase represents not only an opportunity to define its holiday slate but also to set the tone for its evolving hybrid console ecosystem. The Nintendo Direct Partner Showcase will stream globally on July 31 at 6 AM PT / 9 AM ET / 2 PM BST / 3 PM CEST, and will run for approximately 25 minutes. The showcase will focus on third-party titles for both the Nintendo Switch and Switch 2. While major first-party announcements are unlikely, fans are hoping for updates on titles like Hollow Knight: Silksong, new Switch 2 editions of existing games, and retro additions to Nintendo Switch Online, including rumors of Donkey Kong 64 and the original Super Smash Bros.

Nintendo Direct Today: Time, duration, streaming details and updates on Switch 2 and OG titles
Nintendo Direct Today: Time, duration, streaming details and updates on Switch 2 and OG titles

Time of India

time19 hours ago

  • Entertainment
  • Time of India

Nintendo Direct Today: Time, duration, streaming details and updates on Switch 2 and OG titles

Amid weeks of swirling speculation, Nintendo has officially confirmed its next digital event, a Nintendo Direct Partner Showcase , scheduled for July 31. The Japanese gaming giant announced via social media on Monday, noting the presentation will span approximately 25 minutes, highlighting upcoming releases for both the Nintendo Switch and its next-gen successor, the Switch 2. The confirmation puts an end to widespread rumors of a July stream. The Direct, focused on third-party publishing partners, will be streamed globally at 6am PT / 9am ET / 2pm BST / 3pm CEST, as mentioned in a report by Games Radar. Fans can stream the event at Nintendo Direct's official website and Youtube channel Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Degree Cybersecurity Product Management Data Science Technology Healthcare Data Analytics healthcare Management Project Management Leadership Digital Marketing MBA others Data Science Operations Management CXO Finance PGDM Artificial Intelligence Others MCA Public Policy Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details What to Expect: A Mixed Bag of Anticipation Nintendo's announcement emphasized that the stream will showcase titles from external developers, meaning fans hoping for major first-party reveals, like a new Super Mario game, might want to temper expectations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Nonetheless, hopes remain high for updates on several highly anticipated games. Hollow Knight: Silksong , which was recently confirmed for a playable demo at Gamescom 2025 and teased for a "holiday" launch by Xbox, could receive a definitive release date during the showcase. Switch 2 Editions and Third-Party Expansion With the Nintendo Switch 2 already boasting hits such as Cyberpunk 2077 and Elden Ring latter recently rated by the ESRB, fans can expect more third-party expansions to the console's growing library. The upcoming Direct is likely to cement third-party support and provide much-needed clarity on projects currently under wraps. Live Events Meanwhile, Nintendo is also expected to unveil 'Switch 2 Editions' of popular existing titles such as Animal Crossing: New Horizons , Xenoblade Chronicles , and Kirby Star Allies , promising improved performance and visuals, as per a report by Games Radar online. Nintendo Switch Online Rumors A resurgence of retro content is anticipated, with fans pointing to clues in a recent Nintendo 64 trailer suggesting potential additions like Donkey Kong 64 , Super Smash Bros. (N64) , and even GameCube titles to the Nintendo Switch Online library. Amid speculation, the possibility of a re-release of the original Smash Bros. gains traction, especially with director Masahiro Sakurai currently focused on Kirby Air Riders . Mario Kart World and Fan Theories One title under intense scrutiny is Mario Kart World . Speculation abounds over costume updates and potential new characters such as Diddy Kong , Dixie Kong , and Cranky Kong . Whether these additions will make it into the July 31 showcase remains to be seen. Nintendo Direct: Blockbuster Titles and the Release Calendar Nintendo's strategy of staggering releases across fiscal quarters means confirmed heavyweights like Pokemon Legends: Z-A , Drag x Drive , and Donkey Kong Bananza will remain spaced out. However, surprises are expected, including potential updates on unannounced titles from Camelot Software Planning and remakes like Golden Sun . As fans await the Nintendo Direct today, expectations are calibrated across nostalgia, performance upgrades, and new content. For Nintendo, the showcase represents not only an opportunity to define its holiday slate but also to set the tone for its evolving hybrid console ecosystem. FAQs What time is the Nintendo Direct Partner Showcase scheduled for July 31, 2025? The Nintendo Direct Partner Showcase will stream globally on July 31 at 6 AM PT / 9 AM ET / 2 PM BST / 3 PM CEST, and will run for approximately 25 minutes. What can fans expect from this Nintendo Direct showcase? The showcase will focus on third-party titles for both the Nintendo Switch and Switch 2. While major first-party announcements are unlikely, fans are hoping for updates on titles like Hollow Knight: Silksong, new Switch 2 editions of existing games, and retro additions to Nintendo Switch Online, including rumors of Donkey Kong 64 and the original Super Smash Bros.

Gremlins 3 waiting on Steven Spielberg script approval
Gremlins 3 waiting on Steven Spielberg script approval

The Advertiser

timea day ago

  • Entertainment
  • The Advertiser

Gremlins 3 waiting on Steven Spielberg script approval

Gremlins 3 has a script and is waiting on approval from Steven Spielberg. Gremlins lead actor Zach Galligan has revealed that Warner Bros is "incredibly interested" in making a follow up to 1984's Gremlins 2 and are just waiting on executive producer Spielberg to approve the script. According to Games Radar, Galligan – who played Billy Peltzer in Gremlins and it's sequel - said during an appearance at Comic-Con Manchester: "After 35 years, they've come up with a script. Warner Bros. is incredibly interested in doing it, apparently it's waiting on Mr. Spielberg to read it and approve it. But you can thank the success of Beetlejuice Beetlejuice." Back in April, Warner Bros. Pictures co-chief Pam Abdy, revealed new entries in the Gremlins franchise were in the works. She told Deadline: "Adding to things we're excited about, Andy Serkis doing the Gollum film, Drew Goddard writing a new Matrix. We're super excited about Amblin developing with Chris Columbus new entries in the Gremlins and Goonies franchises. We just had a dynamite check-in with Philippa Boyens on Gollum, and I think we're about to get that script in May. Cat in the Hat and the second Dr. Seuss adaptation Jon M. Chu is co-directing … there's really great stuff on the horizon." Gremlins was a horror comedy directed by Joe Dante from a script written by Chris Columbus. The first movie starred Galligan, Phoebe Cates and Hoyt Axton with Howie Mandel voicing the character of Gizmo. In the film, Galligan's character is gifted a mogwai named Gizmo but things go horribly wrong after he fails to follow the three strict rules for looking after him. Gremlins 3 has a script and is waiting on approval from Steven Spielberg. Gremlins lead actor Zach Galligan has revealed that Warner Bros is "incredibly interested" in making a follow up to 1984's Gremlins 2 and are just waiting on executive producer Spielberg to approve the script. According to Games Radar, Galligan – who played Billy Peltzer in Gremlins and it's sequel - said during an appearance at Comic-Con Manchester: "After 35 years, they've come up with a script. Warner Bros. is incredibly interested in doing it, apparently it's waiting on Mr. Spielberg to read it and approve it. But you can thank the success of Beetlejuice Beetlejuice." Back in April, Warner Bros. Pictures co-chief Pam Abdy, revealed new entries in the Gremlins franchise were in the works. She told Deadline: "Adding to things we're excited about, Andy Serkis doing the Gollum film, Drew Goddard writing a new Matrix. We're super excited about Amblin developing with Chris Columbus new entries in the Gremlins and Goonies franchises. We just had a dynamite check-in with Philippa Boyens on Gollum, and I think we're about to get that script in May. Cat in the Hat and the second Dr. Seuss adaptation Jon M. Chu is co-directing … there's really great stuff on the horizon." Gremlins was a horror comedy directed by Joe Dante from a script written by Chris Columbus. The first movie starred Galligan, Phoebe Cates and Hoyt Axton with Howie Mandel voicing the character of Gizmo. In the film, Galligan's character is gifted a mogwai named Gizmo but things go horribly wrong after he fails to follow the three strict rules for looking after him. Gremlins 3 has a script and is waiting on approval from Steven Spielberg. Gremlins lead actor Zach Galligan has revealed that Warner Bros is "incredibly interested" in making a follow up to 1984's Gremlins 2 and are just waiting on executive producer Spielberg to approve the script. According to Games Radar, Galligan – who played Billy Peltzer in Gremlins and it's sequel - said during an appearance at Comic-Con Manchester: "After 35 years, they've come up with a script. Warner Bros. is incredibly interested in doing it, apparently it's waiting on Mr. Spielberg to read it and approve it. But you can thank the success of Beetlejuice Beetlejuice." Back in April, Warner Bros. Pictures co-chief Pam Abdy, revealed new entries in the Gremlins franchise were in the works. She told Deadline: "Adding to things we're excited about, Andy Serkis doing the Gollum film, Drew Goddard writing a new Matrix. We're super excited about Amblin developing with Chris Columbus new entries in the Gremlins and Goonies franchises. We just had a dynamite check-in with Philippa Boyens on Gollum, and I think we're about to get that script in May. Cat in the Hat and the second Dr. Seuss adaptation Jon M. Chu is co-directing … there's really great stuff on the horizon." Gremlins was a horror comedy directed by Joe Dante from a script written by Chris Columbus. The first movie starred Galligan, Phoebe Cates and Hoyt Axton with Howie Mandel voicing the character of Gizmo. In the film, Galligan's character is gifted a mogwai named Gizmo but things go horribly wrong after he fails to follow the three strict rules for looking after him. Gremlins 3 has a script and is waiting on approval from Steven Spielberg. Gremlins lead actor Zach Galligan has revealed that Warner Bros is "incredibly interested" in making a follow up to 1984's Gremlins 2 and are just waiting on executive producer Spielberg to approve the script. According to Games Radar, Galligan – who played Billy Peltzer in Gremlins and it's sequel - said during an appearance at Comic-Con Manchester: "After 35 years, they've come up with a script. Warner Bros. is incredibly interested in doing it, apparently it's waiting on Mr. Spielberg to read it and approve it. But you can thank the success of Beetlejuice Beetlejuice." Back in April, Warner Bros. Pictures co-chief Pam Abdy, revealed new entries in the Gremlins franchise were in the works. She told Deadline: "Adding to things we're excited about, Andy Serkis doing the Gollum film, Drew Goddard writing a new Matrix. We're super excited about Amblin developing with Chris Columbus new entries in the Gremlins and Goonies franchises. We just had a dynamite check-in with Philippa Boyens on Gollum, and I think we're about to get that script in May. Cat in the Hat and the second Dr. Seuss adaptation Jon M. Chu is co-directing … there's really great stuff on the horizon." Gremlins was a horror comedy directed by Joe Dante from a script written by Chris Columbus. The first movie starred Galligan, Phoebe Cates and Hoyt Axton with Howie Mandel voicing the character of Gizmo. In the film, Galligan's character is gifted a mogwai named Gizmo but things go horribly wrong after he fails to follow the three strict rules for looking after him.

Gremlins 3 waiting on Steven Spielberg script approval
Gremlins 3 waiting on Steven Spielberg script approval

Perth Now

timea day ago

  • Entertainment
  • Perth Now

Gremlins 3 waiting on Steven Spielberg script approval

Gremlins 3 has a script and is waiting on approval from Steven Spielberg. Gremlins lead actor Zach Galligan has revealed that Warner Bros is "incredibly interested" in making a follow up to 1984's Gremlins 2 and are just waiting on executive producer Spielberg to approve the script. According to Games Radar, Galligan – who played Billy Peltzer in Gremlins and it's sequel - said during an appearance at Comic-Con Manchester: "After 35 years, they've come up with a script. Warner Bros. is incredibly interested in doing it, apparently it's waiting on Mr. Spielberg to read it and approve it. But you can thank the success of Beetlejuice Beetlejuice." Back in April, Warner Bros. Pictures co-chief Pam Abdy, revealed new entries in the Gremlins franchise were in the works. She told Deadline: "Adding to things we're excited about, Andy Serkis doing the Gollum film, Drew Goddard writing a new Matrix. We're super excited about Amblin developing with Chris Columbus new entries in the Gremlins and Goonies franchises. We just had a dynamite check-in with Philippa Boyens on Gollum, and I think we're about to get that script in May. Cat in the Hat and the second Dr. Seuss adaptation Jon M. Chu is co-directing … there's really great stuff on the horizon." Gremlins was a horror comedy directed by Joe Dante from a script written by Chris Columbus. The first movie starred Galligan, Phoebe Cates and Hoyt Axton with Howie Mandel voicing the character of Gizmo. In the film, Galligan's character is gifted a mogwai named Gizmo but things go horribly wrong after he fails to follow the three strict rules for looking after him.

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