Microsoft’s Profits Dip Despite Strong Phone Sales

Microsoft said Monday its profits fell more than 10% during its latest quarter despite an uptick in sales. Here are the key points from the tech giant’s latest earnings. What you need to know: Microsoft’s sales jumped nearly 8% in the quarter ending Dec. 31, improving to $26.5 billion. That is in line with the $26.3 billion in revenue that analysts expected, according to Thomson Reuters.

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