Microsoft reports quarterly loss after charge

MICROSOFT-EARNINGS:Microsoft reports quarterly loss after charge

Image
Reuters NEW YORK
Last Updated : Jan 20 2013 | 4:33 AM IST

Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced charge for writing down the value of its ailing online unit.

The world's largest software company reported a net loss of $492 million, or 6 cents per share, compared with a profit of $5.87 billion, or 69 cents per share, in the year-ago quarter.

Sales rose 4 percent to $18 billion, dampened by slowing PC sales featuring its flagship Windows operating system.

Microsoft has not suffered a quarterly loss since going public in 1986.

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 20 2012 | 1:44 AM IST

Next Story