Microsoft's quarterly profit more than doubles

Microsoft Corp reported a quarterly profit that more than doubled, helped by a tax benefit and strong growth in its cloud business.

The company`s net income rose to $6.51 billion, or 83 cents per share, in the fourth quarter ended June 30 from $3.12 billion, or 39 cents per share, a year earlier.

On an adjusted basis, revenue rose 9.1 percent to $24.7 billion.

Microsoft`s shares rose 1 percent in trading after the bell on Thursday.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)