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Microsoft grows underlying earnings on expansion in cloud
2016-10-21 08:25:00| Telecompaper Headlines
(Telecompaper) Microsoft reported better-than-expected results for its fiscal first quarter to September, driven by continued strength in its cloud services business. Revenue was little changed year-on-year at USD 20.5 billion, but excluding Windows deferral revenues and currency effects, rose 5 percent. Operating profit fell 10 percent to USD 5.2 billion, and net profit dropped 4 percent to USD 4.7 billion, also impacted by currency effects. Excluding one-time effects, earnings rose 9 percent, or 13 percent at constant exchange rates, to USD 0.76 per share.
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expansion
underlying
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Category:Telecommunications