7/23/2014

Microsoft's purchase of Nokia lowered the company’s quarterly net profit below expectations to $4.61 billion, or 55 cents a share, as CEO Satya Nadella stressed the need to continue cutting costs. Microsoft reported strong revenues for its enterprise, PC and cloud-based businesses. Nadella pledged a merger of all three versions of its operating system for Windows Phone, Windows and Xbox into a single Windows OS.

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