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Microsoft profit dips on charges, while sales jump

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Reuters SEATTLE
Last Updated : Oct 24 2014 | 2:10 AM IST

SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal first-quarter profit fell 13 percent as it took a $1.1 billion charge related to mass layoffs announced in July.

The world's largest software company reported profit of $4.5 billion, or 54 cents per share, compared with $5.2 billion, or 62 cents per share, in the year-ago quarter.

Revenue rose 25 percent to $23.2 billion, helped by the phone business it bought from Nokia in April, easily beating analysts' average estimate of $22 billion.

(Reporting by Bill Rigby; Editing by Chris Reese)

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First Published: Oct 24 2014 | 1:51 AM IST

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