Published in News
Microsoft posts first loss ever
Online advertising flop to blame
Software giant Microsoft has reported its first quarterly loss in history. The loss was apparently caused by the $6.2 billion Aquantative write down, which failed to yield profits expected by Redmond.
The quarterly loss amounts to $492 million compared with a profit of $5.9 in the same period last year. However, in spite of the Aquantative flop, Microsoft seems to be doing quite well on most fronts. Q2 revenue rose by 4 percent to $18 billion and Microsoft shares went up 1.6 percent following the earnings report.
Microsoft will introduce Windows 8 in three months, along with Windows RT, Windows Phone 8 and a range of associated products, including the new Office suite, Visual Studio and server packages. Also, Microsoft will roll out its Surface tablet to coincide with the Windows 8/RT launch.