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Friday, July 20, 2012

Microsoft posts quarterly loss first time

Microsoft posted a loss of 492 million dollars on Thursday, its first-ever quarterly loss since it became a public company in 1986.
The loss was attributed to a massive 6.2-billion dollar charge that the company booked earlier this month as a writedown on its 2007 purchase of online advertising firm eQuantive for 6.3 billion dollars.
For the quarter, Microsoft booked record revenues of 18.06 billion dollars, a rise of 7 per cent over the same period a year ago, and operating income of 6.93 billion dollars.

For Microsoft’s 2012 budget year, the company’s revenue was 73.72 billion dollars while operating income was 21.76 billion dollars.
“We delivered record fourth-quarter and annual revenue, and we’re fast approaching the most exciting launch season in Microsoft history,” said Steve Ballmer, chief executive of Microsoft.
“Over the coming year, we’ll release the next versions of Windows, Office, Windows Server, Windows Phone, and many other products and services that will drive our business forward and provide unprecedented opportunity to our customers and partners.” 
DPA

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