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. Last Updated: 07/27/2016

Microsoft Profits Up

MOSCOW () -- U.S. software giant Microsoft reported profits of $14 million in Russia in the latest fiscal year, up 20 percent over the previous period, Interfax quoted its local director, Olga Dergunova, as saying Wednesday.

Microsoft's Russian branch ranks fourth in the company's Eastern European sales, the agency said. Company officials have said revenues would be far higher but that pirates undercut official sales.