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Microsoft profit drops but devices, consumer products help results

2014-04-25 12:47:05| InfoWorld: Top News

Microsoft's profit dropped and its revenue was almost flat in its third fiscal quarter, during which the company replaced Steve Ballmer with Satya Nadella as CEO. Revenue came in at $20.40 billion, down slightly from $20.49 billion in the same quarter last year. Net income was $5.7 billion, or $0.68 per share, down from $6.1 billion, or $0.72 per share.

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