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Microsoft profits improve on growing cloud business
2016-07-20 08:41:00| Telecompaper Headlines
(Telecompaper) Microsoft reported a strong improvement in profits for its fiscal fourth quarter to June, led by strong sales for its enterprise products such as Azure, which more than doubled revenues. The company's net result moved to a profit of USD 3.12 billion from a loss of USD 3.20 billion a year ago, helped by lower charges at the mobile phone business. Adjusted EPS increased 11 percent, or 27 percent at constant exchange rates, to USD 0.69. Revenues were still down 7 percent to USD 20.61 billion, but rose 5 percent excluding currency effects.
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