Microsoft profits beat expectations despite Nokia drag
Microsoft boss Satya Nadella says Microsoft is being "positioned for future growth"
Microsoft
has reported a fall in profits as a result of the cost of job cuts and
its purchase of Nokia's smartphone business earlier this year.
The software giant made $4.5bn (£2.8bn) in the three months to September, 13% lower than the same time a year ago."Integrations and restructuring expenses" cost $1.1bn, Microsoft said.
However, revenue climbed 25% to $23.2bn from $18.5bn, beating expectations and sending shares higher in after-hours trading.
Investors are keen to see how chief executive Satya Nadella's plans to bring the PC giant into the world of cloud computing are panning out.
Cost cutting In July Microsoft announced plans to cut 18,000 jobs, including 12,500 in the Nokia unit bought in April.
However, the costs associated with those cuts have been somewhat offset by increasing revenues in Microsoft's smartphone business.
In a statement accompanying earnings, Mr Nadella said the company was being "positioned for future growth".
"Our teams are delivering on our core focus of reinventing productivity and creating platforms that empower every individual and organisation
0 comments:
Post a Comment