As expected, Microsoft announced the quarterly earnings on Thusday afternoon. But unexpectedly they announced it with a loss. A loss first time ever in 26 years.
Total losses for the quarter amounted to $492 million, or $0.06 per share — a far cry from the $5.9 billion in net income, or $0.69 per share, the company reported for the same period a year ago.
Still, it wasn’t all bad: Revenue increased 4% year-over-year to $18.06 billion. That figure might have been higher, if declining PC sales weren’t damaging sales of Microsoft’s Windows operating system. The Windows & Windows Live Division reported a 13% decline in revenue for the fourth quarter and 3% for the full year. The Entertainment and Devices Division saw the biggest growth: Revenue there grew 20% in the fourth quarter and 8% for the full year.
In the earnings release, Microsoft CEO Steve Ballmer reminded investors that there was much to look forward for the rest of the year, including the high-profile launches of Office 15 and Windows Phone 8.
Will Microsoft see more these figures in coming future? Post your thoughts in the comment section.
You have read this article Microsoft /
Updates
with the title Microsoft Reports First Ever Loss in the History. You can bookmark this page URL http://angryblackmf.blogspot.com/2012/07/microsoft-reports-first-ever-loss-in.html. Thanks!
No comment for "Microsoft Reports First Ever Loss in the History"
Post a Comment