Microsoft reported a 25 percent increase in revenue from the same period a year ago as some of its key businesses, including Office 365 and the Xbox, delivered sharp gains.
Overall, Microsoft reported revenue of $23.2 billion, an increase of 25 percent from a year ago. Microsoft’s net income slipped to $4.54 billion, down 13.4 percent from $5.2 billion a year ago. However, those results also included $1.14 billion in restructuring costs attributed to the integration of Nokia.
“We are innovating faster, engaging more deeply across the industry, and putting our customers at the center of everything we do, all of which positions Microsoft for future growth,” said Satya Nadella, chief executive officer of Microsoft, in a statement. “Our teams are delivering on our core focus of reinventing productivity and creating platforms that empower every individual and organization.”To read this article in full or to leave a comment, please click here