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Microsoft profit hurt by Nokia, but revenues jump

23
Jul
2014

Microsoft said Tuesday profits took a hit from its newly acquired Nokia phone division but that revenues got a strong lift from cloud services. The US tech giants new chief executive Satya Nadella said the results suggested that Microsofts shift to services amid declining personal computer sales was starting to pay off. We are galvanized around our core as a productivity and platform company for the mobile-first and cloud-first world, and we are driving growth with disciplined decisions, bold innovation, and focused execution, said Nadella. The earnings came just days after Microsoft announced its biggest job cuts ever with Nadella calling for a new focus at the US tech giant while integrating the Nokia phone division acquired this year.

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