Microsoft quarterly earnings dip slightly on soft computer sales
Published on Apr 25, 2014 4:59 AM
SAN FRANCISCO (AFP) - Microsoft on Thursday reported quarterly profit slipped as lifestyles continued to shift from personal computers to mobile devices and Internet cloud software.
The US software giant said that it made a profit of US$5.66 billion (S$7.12 billion) on US$20.4 billion in revenue in the three months that ended on March 31, a slight dip from the US$6 billion in net income it took in on US$20.5 billion in revenue during the same period a year earlier.
While down slightly year-over-year, the quarterly earnings figures beat Wall Street expectations, bumping Microsoft shares more than two per cent to US$40.79 in after-market trading.
"This quarter's results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world," Microsoft chief executive Satya Nadella said in the earnings release.
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