Microsoft's quarterly profit more than doubles

Reuters News
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Posted: Jul 20, 2017 4:17 PM

(Reuters) - Microsoft Corp <MSFT.O> reported a quarterly profit that more than doubled, helped by a tax benefit and strong growth in its cloud business.

The company's net income rose to $6.51 billion, or 83 cents per share, in the fourth quarter ended June 30 from $3.12 billion, or 39 cents per share, a year earlier.

On an adjusted basis, revenue rose 9.1 percent to $24.7 billion.

Microsoft's shares rose 1 percent in trading after the bell on Thursday.

(Reporting by Gayathree Ganesan and Rishika Sadam in Bengaluru; Editing by Anil D'Silva)