News Articles

Microsoft reports record revenue but first-ever quarterly loss

Microsoft has announced results for the final quarter of its financial year, which ended on 30th June 2012. Quarterly revenue was $18.06 billion (£11.5 billion), while revenue for the full year was $73.72 billion.

However, a decision to write off some of the value of online advertising business aQuantive, which was bought for $6.3 billion five years ago, resulted in a quarterly loss of $492 million. Overall net income for the year was £16.98 billion.

Steve Ballmer, Microsoft’s CEO, said “We delivered record fourth quarter and annual revenue, and we’re fast approaching the most exciting launch season in Microsoft history. Over the coming year, we’ll release the next versions of Windows, Office, Windows Server, Windows Phone, and many other products and services that will drive our business forward and provide unprecedented opportunity to our customers and partners.”

Author: The Fonecast
Rate this article:
No rating

Categories: Operating systems, NewsNumber of views: 3383

Tags: advertising microsoft

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment


Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«June 2024»


Terms Of Use | Privacy Statement