403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx
Follow us:
403 Forbidden

403 Forbidden


nginx

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

July 19, 2012 at 1:40 PM

Microsoft posts first-ever quarterly loss — $492 million

As expected, Microsoft posted its first quarterly loss as it reported its fiscal fourth-quarter results Thursday.

The $492 million net loss stemmed largely to a $6.2 billion write-down related to its 2007 acquisition of online ad company aQuantive. Also a factor was the deferred revenue from a Windows 8 upgrade offer that the company had announced in June.

Overall, Microsoft announced revenue of $18.06 billion for the fourth quarter, ended June 30, up from $17.4 billion this quarter last year. Loss per share was 6 cents.

Adjusting for the write-down and deferred revenue items, Microsoft listed its fourth quarter revenue and earnings per share at $18.60 billion, 73 cents per share, representing 7 percent and 6 percent increases, respectively, over the previous year.

Wall Street analysts were expecting Microsoft to report earnings per share of 62 cents and revenue of $18.11 billion. Those estimates take into account the deferred revenue, but not the write-down.

For its fiscal year, Microsoft reported revenue of $73.7 billion, compared with $69.9 billion last year.

It logged a profit of $16.98 billion, down from $23.2 billion a year ago. Earnings per share was $2, down from $2.69 a year ago.

Wall Street analysts were expecting Microsoft to report yearly revenue of $73.7 billion and earnings per share of $2.68.

Updates will be reported here.

Comments

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


403 Forbidden

403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx