Monday March 30, 2020

Microsoft's Nokia acquisition weighs on fourth-quarter results

Microsoft’s purchase of Nokia Oyj’s mobile business dragged down profit, even as the software maker benefits from improving corporate demand for computers and software delivered over the Web.

23rd July, 2014
Satya Nadella.

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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