Microsoft reports first quarterly loss since 2012 after Nokia write-down

Its revenue for the quarter dropped 5 percent

A building on Microsoft's Redmond, Washington campus

A building on Microsoft's Redmond, Washington campus

Microsoft has reported its first quarterly loss in three years, largely as a result of a $7.5 billion write-down for its acquisition last year of Nokia's devices and services business.

Microsoft's net loss for the quarter, the fourth of its fiscal year, was $3.2 billion, compared to $4.6 billion in profit during the same period a year earlier, the company announced Tuesday. That translated into a loss of $0.40 a share. Microsoft's quarterly revenue declined more than 5 percent year over year to $22.2 billion.

The news comes after a few tumultuous weeks for the company. Microsoft announced two weeks ago that it was cutting 7,800 jobs to streamline its smartphone hardware business.  The company also transferred technology and employees from the Bing Maps team to Uber and sold part of its display advertising business to AOL.

Next week marks the official launch of Windows 10, the next major update to Microsoft's operating system. Terry Myerson, the company's executive vice president of Windows and Devices, said at the Build developer conference earlier this year that Microsoft plans to have more than 1 billion devices running Windows 10 by the end of its 2017 fiscal year two years from now.

Join the PC World newsletter!

Error: Please check your email address.

Tags business issuesSatya NadellaMicrosoftfinancial results

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Blair Hanley Frank

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?