Microsoft’s purchase of Nokia Oyj’s mobile business dragged down fiscal fourth-quarter profit, even as the software maker benefits from improving corporate demand for computers and software delivered over the Web.
Nokia’s operations, which Microsoft bought for €5.44 billion in April, contributed to a 7.1 per cent decline in net income to $4.61 billion, or 55 cents a share, for the period that ended June 30, the company said in a statement...
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