Microsoft reports loss on tax charge


(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. []

Revenue climbed 12 percent to $28.92 billion, including 98 percent growth in Azure, Microsoft’s flagship cloud product which competes with rivals from 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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