Microsoft reports loss on tax charge

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(Reuters) – Microsoft Corp (MSFT.O) reported a quarterly loss on Wednesday, hurt by a $13.8 billion charge related to U.S. tax reform.

The company posted a net loss of $6.30 billion, or 82 cents per share, in the second quarter ended Dec. 31, compared to a profit of $6.27 billion, or 80 cents per share, a year earlier. [bit.ly/2npGtLa]

Revenue climbed 12 percent to $28.92 billion, including 98 percent growth in Azure, Microsoft’s flagship cloud product which competes with rivals from Amazon.com Inc (AMZN.O), IBM (IBM.N) and Alphabet Inc’s (GOOGL.O) Google.

Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr

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