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.
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