Microsoft Posts First Ever Loss… But It’s Actually Doing Quite Well Thank You
Since joining the stock market in 1986, Microsoft has never reported a quarterly loss: until now.
Announcing the results for the fourth quarter of its financial year which runs July – June, Microsoft said it made a $492 million (about £313.2m) loss in the three months ending on June 30.
By contrast, it made $5.9 billion (£3.8bn) in the same period last year.
The giant dip in money-making came as Microsoft wrote off its acquisition of Aquantive, an internet advertising firm that the Redmond company bought in 2007 for $6 billion (about £4bn), hoping to take Google on.
But looking beyond the mega write-off, Microsoft is in rude health. Its revenue is actually up $18 billion compared to the same quarter in 2011, a rise of 4%.
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