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Microsoft has announced financial reports for FY fiscal year (the third quarter of the 2016 calendar year), Q1 2017. The company has recorded $20.5 billion in revenue and $4.7 billion in net income. Microsoft’s phone revenue declined 72% while OEM revenue was flat year-over-year. On the other hand, Surface revenue hit $926 million in the quarter, up 38 … Continue reading "Microsoft reports $20.5B in revenue in FY Q1 2017, phone revenue drops 72%"

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