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

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.

Vancouver, British Columbia, Canada

The Vancouver Development Center (VDC) is located in Vancouver, British Columbia, Canada. The centre is home to some of the best and brightest software developers from around the world. Since opening its doors in September 2007, the VDC has quickly become an intricate part of Microsoft’s global strategy for distributed software development. VDC employees play a key role in architecting systems,... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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