The information technology giant posted earnings of $0.38 per share for the April quarter, on an adjusted basis, lower than the $0.42 per share profit reported in the year-ago quarter. The bottom line exceeded Wall Street’s expectations. On an unadjusted basis, the company posted a net loss of $1.08 billion or $0.82 per share for the second quarter, compared to a profit of $314 million or $0.24 per share in Q2 2024.
Revenues came in at $7.6 billion in the second quarter, compared to $7.2 billion in the corresponding quarter last year. Analysts had forecast revenues of $7.5 billion for the latest quarter.
