Microsoft's profit falls following Nokia acquisition

Microsoft's total revenue reported $23.38 billion in its fourth fiscal quarter was announced on Tuesday as the profit plunged following the company's acquisition of Nokia's handset business.

Analysts expected revenue of around $23 billion in the period that ended on June 30.

As Microsoft analyses its profits associated with Nokia deal, the Wall Street fails to predict any profits or losses.

According to CNET, the Nokia deal accounted for $692 million operating loss.

Microsoft CEO Satya Nadella planned to cut 18,000 jobs last week.

The report also remarks Nadella's first full financial quarter after he replaced Steve Ballmer in February.