Microsoft adjusted revenue rises 3.1 percent

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The logo of Microsoft is pictured in Issy-les-Moulineaux, France, August 8, 2016. REUTERS/Jacky Naegelen/File Photo

The logo of Microsoft is pictured in Issy-les-Moulineaux, France, August 8, 2016. REUTERS/Jacky Naegelen/File Photo (Copyright Reuters 2016)

Microsoft Corp reported a 3.1 percent rise in adjusted revenue on Thursday as growth in its cloud business helped offset weakness in the personal computer market.

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Adjusted revenue rose to $22.33 billion from $21.66 billion in its first quarter ended Sept. 30.

Net income fell to $4.69 billion, or 60 cents per share, from $4.90 billion, or 61 cents per share, a year earlier. (http://bit.ly/2eW79l4)

Under Chief Executive Satya Nadella, Microsoft has been focusing on cloud services and mobile applications as growth slows in its traditional software business.

Nadella orchestrated Microsoft's biggest-ever deal, reaching an agreement in June to buy LinkedIn Corp for $26.2 billion.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Don Sebastian)