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.