July 20, 2017 / 8:16 PM / 4 months ago

Microsoft's quarterly profit more than doubles

July 20 (Reuters) - Microsoft Corp reported a quarterly profit that more than doubled, helped by a tax benefit and strong growth in its cloud business.

The company’s net income rose to $6.51 billion, or 83 cents per share, in the fourth quarter ended June 30 from $3.12 billion, or 39 cents per share, a year earlier.

On an adjusted basis, revenue rose 9.1 percent to $24.7 billion.

Microsoft’s shares rose 1 percent in trading after the bell on Thursday. (Reporting by Gayathree Ganesan and Rishika Sadam in Bengaluru; Editing by Anil D‘Silva)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below