Microsoft profits decline

Posted online April 22, 2016 | 10:59 am

Microsoft Corp. reported fiscal third-quarter net income of $3.8 billion, or 47 cents per share.

That's down from $5 billion, or 61 cents per share, a year earlier.

Revenue slid 5.5 percent to $20.5 billion.

According to The Wall Street Journal, the cause was a slow in the growth of its cloud business.

Read more from The Wall Street Journal.

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