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General

Microsoft profits fall after Nokia handsets acquisition

Wednesday 23 July 2014 | 08:41 CET | News
Microsoft reported pressure on quarterly profits in its fiscal fourth quarter after completing the acquisition of Nokia's handset business. Earnings for the three months to June fell 7 percent from a year earlier to USD 0.55 per share, including a loss of USD 0.08 per share from the phone business. Revenues rose 18 percent year-on-year to USD 23.38 billion, with USD 1.99 billion coming from the former Nokia business, and operating profit improved 7 percent to USD 6.48 billion, with a loss of USD 692 million from the handset activities. Microsoft said it sold 5.8 million Lumia smartphones in

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Categories: General
Companies: Bing / Microsoft / Nokia
Countries: World
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