Microsoft NZ lifts FY profit 15% on consulting gains; Oracle NZ posts loss on impairment

Mon, 11 Dec 2017

By Paul McBeth Dec. 11 (BusinessDesk) - Microsoft New Zealand lifted annual profit 15 percent as the local arm of the world's biggest software developer boosted sales of its consulting services, while its smaller rival Oracle New Zealand sank into the red after booking an impairment charge. Auckland-based Microsoft NZ reported a profit of $14 million in the 12 months ended June 30 compared to $12.2 million a year earlier, financial statements lodged with the Companies Office show. The software developer lifted revenue 7.6 percent to $115...

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