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General

Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs

Thursday 23 July 2020 | 08:50 CET | News
Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period. 

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Categories: General
Companies: LinkedIn / Microsoft
Countries: World
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