Microsoft Corp. MSFT 0.49% continued its rebirth as a force in cloud-computing, posting stronger-than-expected gains in its business of selling web-based services to corporate customers.
Overall, Microsoft posted $6.51 billion in fourth-quarter net income, or 83 cents a share, compared with a profit of $3.12 billion, or 39 cents a share, a year ago. Excluding the impact of revenue deferrals and other items, adjusted earnings climbed to 98 cents from 69 cents a year earlier. Per-share earnings in the most recent quarter included a 23-cent tax benefit related to Microsoft winding down its mobile-phone business.
Source: WSJ
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