Microsoft's financial results exceeded forecasts
Microsoft in the second quarter of 2018 financial year received adjusted revenue and profit more than forecasted by the market.
For the 10th consecutive quarter Azura cloud services revenue growth rates exceeded 90%. Sales of the service grew by 98%.
In connection with the tax reform of the United States, Microsoft made a one-time write-off of $13.8 billion, after which it recorded a net loss. For three months, the figure was $6.30 billion (82 cents per share), compared to a net profit of $6.27 billion (80 cents per share) for the same period last fiscal year.
The company's revenue increased by 12% from $25.83 billion to $28.92 billion.
On average, according to analysts' forecasts, the profit should have been 87 cents per share with Microsoft's revenue of $28.41 billion.
Over the past 12 months, the company's capitalization has increased by 50% to $730 billion.
/Source: interfax/
Feb. 1, 2018