Citrix to Spin Off Business, Cut Jobs

Citrix Systems Inc. said it planned to spin off a business into a new public company and slash costs, months after activist investor Elliott Management Corp. called for change at the software firm.

Microsoft Shares Jump on Fiscal 1Q Beat

The tech titan reported adjusted fiscal first-quarter profits per share of 67 cents, topping expectations for 59 cents. Revenue came in at $21.7 billion, also beating forecasts for $21.02 billion.