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Microsoft's profit takes a hit as new strategy takes shape
Microsoft's profit takes a hit as new strategy takes shape

The purchase of Nokia’s mobile-phone unit cut into Microsoft’s profit, but a surging cloud business and a new effort to launch its applications on a greater number of gadgets kept analysts optimistic about the company’s prospects. The maker of Windows, Office, Xbox and a number of mobile devices said its fourth-quarter earnings per share were $0.55, behind estimates of $0.60, with the Nokia acquisition costing about $0.08 a share. Sales for the quarter reached $23.4 billion, up 18% from the fourth quarter of last year, with a $2-billion boost provided by Nokia’s acquisition in mid-April. Daniel Ives, an analyst at FBR Capital Markets, described the mixed results...

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