Microsoft Posts Lower Q2 Profit

(RTTNews) - Microsoft Corp. (MSFT) reported net income for the second quarter of $5.9 billion or $0.71 per share, compared to $6.6 billion or $0.78 per share for the year-ago quarter.

The latest quarter results include $243 million of integration and restructuring expenses, or a $0.02 per share negative impact, related to both Microsoft's restructuring plan announced in July 2014 and the ongoing integration of the Nokia Devices and Services business. It also includes a $0.04 per share negative impact related to income tax expense resulting from an IRS audit adjustment.

Revenue for the second quarter rose to $26.47 billion from $24.52 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.71 per share on revenue of $26.33 billion for the second quarter. Analyst' estimates typically exclude special items.