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Author:
Alexandra Cepăreanu
Microsoft has announced an annual profit of more than $ 110.4 billion in the last 12 months, the first time the company earned $ 100 billion in revenue, according to Business Insider
. $ 1.14 per share, compared with estimates of 1.08 and revenues of $ 30.1 billion. During the last quarter, Microsoft experienced strong growth in the three major reporting areas, especially cloud computing, where Wall Street analysts wanted growth.
Overall, Microsoft says its cloud-based business figure, including software and cloud services for businesses such as Azure and Office 365, has increased by 53% over the last year to $ 6.9 billion
It should also be noted that Microsoft claims that GAAP results reflect a net profit of $ 104 million, related to the new tax law, as well as restructuring costs of $ 306 million.
Article published in the paper edition of Ziarul Financiar of 23.07.2018
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