LinkedIn boosts Microsofts revenue but slows profits to $5.2Bn

Microsoft on Thursday reported a 3.6 percent rise in profit to $5.2 billion in past quarter, showing gains in its new areas of focus as it absorbed the LinkedIn social network.

The US tech giant which has been shifting away from software to a broader array of services said the LinkedIn acquisition boosted its revenue in the last three months of the year but dragged on profit.

Meanwhile, Google parent Alphabet on Thursday reported that its profit in the final three months of last year rose to $5.3 billion, falling short of Wall Street expectations despite soaring revenue.

Alphabet revenue in the quarter topped $26 billion, up 22 percent from the same period a year earlier. Alphabet shares slipped more than two percent to $838.29 in after-market trades that followed release of the earnings figures.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.