Microsoft: heavy loss due to tax reform
(CercleFinance.com) - Microsoft unveiled a Q2 2017-18 net loss of 6.
3 billion dollars, compared earnings of the same amount a year ago, weighed on by a charge of 13.8 billion dollars related to the US tax reform.
Adjusted for this extraordinary item, the IT giant from Richmond, Washington, reported net income that was up 20% at 7.5 billion dollars, or 96 cents per share, while the consensus was expecting 10 cents less.
Up 12% at 28.9 billion dollars, sales also outperformed the consensus; in particular with a 56% increase in revenue in the commercial cloud, at 5.3 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3 billion dollars, compared earnings of the same amount a year ago, weighed on by a charge of 13.8 billion dollars related to the US tax reform.
Adjusted for this extraordinary item, the IT giant from Richmond, Washington, reported net income that was up 20% at 7.5 billion dollars, or 96 cents per share, while the consensus was expecting 10 cents less.
Up 12% at 28.9 billion dollars, sales also outperformed the consensus; in particular with a 56% increase in revenue in the commercial cloud, at 5.3 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.