Chief Executive Officer Ballmer, who has announced that he plans to retire by August 2014, has managed to implement Microsoft Corp.s largest transition in more than ten years. Currently, the company, which is considered as the largest software manufacturer in the world, is in the middle of reorganization and is also working to finalize the acquisition of the handset unit of Nokia Oyj. During the holiday quarter, the company introduced its new Xbox One game machine, which helped it boost its sales of Web-based software. One of the analysts working for UBS AG – Brent Thill, commented on Microsoft Corp.s situation for Bloomberg: "They continue to defy the skeptics. This company is outpacing every other large-cap enterprise company by miles. Theyre doing the right things. The last part of this is you have to get the right head coach." The companys net income for the second quarter increased by 2.8% to 6.56 billion dollars, which makes 78 cents a share. The analysts had forecast on average profit of 69 cents.