Home Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs
 

Keywords :   


Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs

2020-07-23 08:50:00| Telecompaper Headlines

(Telecompaper) Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period. 

Tags: net sales store costs

Category:Telecommunications

Latest from this category

All news

»
27.11 PSA10 () SCR
27.111108
27.11
27.11
27.11SAKEROCK/ 0
27.11Influence THEROW
27.11 A
27.11FIRSTSPEAR
More »