Microsofts quarterly profit more than doubles
Microsofts 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.)
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