Microsoft reports loss on tax charge

Reuters News
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Posted: Jan 31, 2018 4:11 PM

(Reuters) - Microsoft Corp <MSFT.O> reported a quarterly loss on Wednesday, hurt by a $13.8 billion charge related to U.S. tax reform.

The company posted a net loss of $6.30 billion, or 82 cents per share, in the second quarter ended Dec. 31, compared to a profit of $6.27 billion, or 80 cents per share, a year earlier. [http://bit.ly/2npGtLa]

Revenue climbed 12 percent to $28.92 billion, including 98 percent growth in Azure, Microsoft's flagship cloud product which competes with rivals from Amazon.com Inc <AMZN.O>, IBM <IBM.N> and Alphabet Inc's <GOOGL.O> Google.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr)