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Microsoft quarterly earnings dip slightly on soft computer sales

Published on Apr 25, 2014 4:59 AM
 
Microsoft CEO Satya Nadella gestures as he speaks during his keynote address in San Francisco, California on April 2, 2014. Microsoft on Thursday reported quarterly profit slipped as lifestyles continued to shift from personal computers to mobile devices and Internet cloud software. -- FILE PHOTO: REUTERS

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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