Home › Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs
 

Keywords :   


Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs

2020-07-23 08:50:00| Telecompaper Headlines

(Telecompaper) Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period. 

Tags: net sales store costs

Category:Telecommunications

Latest from this category

All news
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03Firms to be paid to hire unemployed young people
16.03Ukraine's urgent fight on the financial frontline
16.03Starmer to set out support plan for heating oil costs
16.03Starmer to set out support plan for heating oil costs
15.03UK looking at all options to secure Strait of Hormuz, says Miliband
15.03We will intervene on energy bills if necessary, says Miliband
15.03Banknotes, beavers and a very British backlash
15.03Banknotes, beavers and a very British backlash
More »