Microsoft Reports First Loss in History
Total losses for the quarter amounted to $492 million, or $0.06 per share — a far cry from the $5.9 billion in net income, or $0.69 per share, the company reported for the same period a year ago.
Still, it wasn’t all bad: Revenue increased 4% year-over-year to $18.06 billion. That figure might have been higher, if declining PC sales weren’t damaging sales of Microsoft’s Windows operating system. The Windows & Windows Live Division reported a 13% decline in revenue for the fourth quarter and 3% for the full year. The Entertainment and Devices Division saw the biggest growth: Revenue there grew 20% for the fourth quarter and 8% for the full year.
In the earning release, Microsoft CEO Steve Ballmer reminded investors that there was much to look forward for the rest of the year, including the high-profile lalunches of Office 15 and Windows Phone 8.
July 19, 2012