Microsoft Posts $3.1 Billion in Profit

Technology giant Microsoft posted a profit of $3.1 billion in the just-ended quarter, swinging back to profitability after hefty charges from writing off mobile phone assets.

The profit in the Microsoft’s fourth fiscal quarter was at par to the loss from a year earlier, when it took charges of more than $7 billion to reflect the lower value of the Nokia mobile phone division it had acquired.

The company saw a dipping in revenues from $22.2 billion to  $20.6 billion in the same period a year ago.

Under Nadella, Microsoft is trying to reduce its dependence on software sales amid declining use of personal computers, and boost its role in services and cloud computing.

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