Microsoft profits above expectations

SAN FRANCISCO: Microsoft on Thursday reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet œcloud services for enterprises. Net profit in the quarter dipped to US$4.5 billion (RM14.7 billion) from US$5.2 billion in the same period a year ago, but topped most analyst forecasts. Revenue rose above US$23 billion, its best ever for the fiscal first quarter. œWe are innovating faster, engaging more deeply across the industry and putting our customers at the centre of everything we do, said Microsoft chief executive Satya Nadella. AFP

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