Jul 19, 2016
Microsoft revenue up 2.1% as cloud growth offsets PC market weakness
Reuters
Microsoft Corp (MSFT.O) reported a 2.1 percent rise in quarterly adjusted revenue as growth in its cloud business helped to offset weakness in the personal computer market.
The company's posted net income of $3.12 billion, or 39 cents per share, for the fourth quarter ended June 30, compared with a loss of $3.2 billion, or 40 cents per share, a year earlier.
Adjusted revenue rose to $22.6 billion from $22.18 billion.
More to come.
