Microsoft Records First-Ever Loss

July 20, 2012 -

Microsoft's entertainment and devices division did pretty well in the fourth quarter despite the company's overall performance delivering the first loss for the company since it went public in 1986. The company posted a net loss of $492 million for the quarter, despite posting record revenue of $18.06 billion.

The company said that its overall loss reflected "previously announced non-cash, non-tax-deductible income statement charge of $6.19 billion for the impairment of goodwill and the deferral of $540 million of revenue related to the Windows Upgrade Offer." Non-GAAP fourth quarter revenues were $18.60 billion, operating income was $6.93 billion, and earnings per share were $0.73.

Microsoft's entertainment and devices division faired a lot better, delivering a revenue increase 20 percent in the fiscal quarter. Its Xbox 360 business, which is part of the division, didn't have a whole lot to do with the increase. During the quarter Microsoft managed to ship 1.1 million Xbox 360 consoles, down from the previous quarter’s 1.7 million units.

As part of its quarterly report, Microsoft also said that Xbox Live subscriptions have grown by 15 percent since the same period last year, though exact figures were not revealed. In February of this year Microsoft reported that the service had more than 40 million Xbox Live subscribers.


Comments

Re: Microsoft Records First-Ever Loss

And that's only 5 or 10 billion less than what they would have gotten if they didn't fubar the fail60 hardware....

 

Sony..... your better off scraping the PS4 for another 8 years and rebuild the PS3 as a better console....


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