Finance

Microsoft reports 10.1 percent fall in quarterly revenue

Shoppers stand in line to wait for the grand opening of a flagship Microsoft Corp. retail store in New York, October 26, 2015. REUTERS/Lucas Jackson Thomson ReutersShoppers stand in line to wait for the grand opening of a flagship Microsoft Corp. retail store in New York

(Reuters) – Microsoft Corp reported a 10.1 percent fall in quarterly revenue on Thursday, squeezed by a strong dollar as well as a weak personal computer market that has reduced demand for the company’s Windows operating system.

The company’s net income fell to $5.00 billion, or 62 cents per share, in its second-quarter ended Dec. 31 from $5.86 billion, or 71 cents per share, a year earlier. (http://bit.ly/1PIRXEs)

Total revenue fell to $23.80 billion from $26.47 billion.

But revenue from the company’s increasingly important “Intelligent Cloud” business, which includes products such as Windows Server and platforms such as Azure, rose 5 percent to $6.3 billion.

Microsoft, under Chief Executive Satya Nadella, has been focusing on cloud services and mobile applications as growth slows in its traditional software business.

(Reporting by Abhirup Roy in Bengaluru; Editing by Ted Kerr)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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