Microsoft Reports First Quarterly Loss Ever (But Still Beats Wall Street)

Posted by Techvibes NewsDesk

Software titan Microsoft posted its first quarterly loss as a public company yesterday—but still managed to beat Wall Street expectations overall.

The company faced a multi-billion-dollar writedown earlier this month, driving a $492 million loss. That's a stark contrast to the same quarter last year, when Microsoft generated nearly $6 billion in revenue.

The technology giant went public in 1986 and since then has never reported a quarterly loss. However, an ill-fated acquisition five years ago forced Microsoft to take a $6.2-billion writedown for the value of its online unit this month.

Microsoft has Windows 8 lined up, which aims to unify smartphones, tablets, and PCs with a single cross-platform operating system.

Company:
Microsoft Canada
Website:
http://www.microsoft.ca
Location:
Vancouver, British Columbia, Canada

At Microsoft, we're motivated and inspired every day by how our customers use our software to find creative solutions to business problems, develop breakthrough ideas, and stay connected to what's most important to them. We run our business in much the same way, and believe our seven core business units offer the greatest potential to serve our customers in the coming decade. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more



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