Microsoft posted revenue of $23.8 billion in the second quarter of its 2016 financial year, down 10 percent from the same quarter a year ago. Operating income was $6.0 billion, a 23 percent drop, and net income was $5.0 billion, a 15 percent fall. Earnings per share were $0.78, representing a 13 percent decline. Just as it has done for the past few quarters, and mirroring Apple's earnings release earlier this week, Microsoft attributed a substantial part of the decline to the strong dollar.

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