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Microsoft 2Q18: Trump tax hit turns strong quarter into $6.3B loss

Taxes aside, revenue was up 12 percent, and operating income up 10 percent.
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Microsoft Reports Gains in Cloud-Computing Business

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Microsoft Corp. posted big fiscal second-quarter gains in its cloud-computing business. The company said it recorded a $13.8 billion charge related to changes to U.S. tax law that drove the company into a quarterly loss.

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Microsoft's cloud continues to grow as it chases Amazon

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Cloud computing was a bright spot for Microsoft in a strong quarter affected by a one-time $13.8 billion hit from the new tax law.

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Technology : Physorg: Technology news

Microsoft on Wednesday reported a hefty loss in the past quarter, as it set aside billions of dollars for taxes on profits it expects to bring back to the United States following passage of a major tax overhaul.

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