Tax break boosts Microsoft earnings
C|Net | at | by Mike
Microsoft on Thursday reported quarterly revenue that was up 9 percent from a year ago, as earnings got a boost from a tax benefit.
The software maker said that it earned $3.7 billion, or 34 cents per share, on revenue of $10.16 billion for its fiscal fourth quarter, which ended June 30. In the same quarter a year earlier, it posted earnings of $2.69 billion, or 25 cents per share, on revenue of $9.29 billion.
The earnings were boosted by a tax benefit that amounted to nine cents per share, but reduced by legal costs that added up to five cents a share.