Arab Today, arab today online woes spark first ever loss for microsoft
Last Updated : GMT 09:09:51
Arab Today, arab today
Arab Today, arab today

Online woes spark first ever loss for Microsoft

Arab Today, arab today

Arab Today, arab today Online woes spark first ever loss for Microsoft

New York - AFP

Microsoft posted its first ever loss, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations. Microsoft still recorded an annual profit of $16.98 billion and said the results reflected \"solid revenue growth and rigorous cost discipline.\" The computing giant had announced earlier this month it would take the $6.2 billion write-down, which is required by accounting rules and does not affect the company\'s cash position. Taking out one-time charges, Microsoft showed a profit of 73 cents a share, well ahead of Wall Street expectations of 62 cents. Revenue also beat expectations, rising four percent to $18 billion in the quarter to June 30. For the full year, revenues were up five percent at $73.7 billion. \"We delivered record fourth quarter and annual revenue, and we\'re fast approaching the most exciting launch season in Microsoft history,\" said chief executive Steve Ballmer. The company is preparing to release Windows 8, the next version of its market leading operating system and a new tablet computer, while making an aggressive move into smartphones. Microsoft shares rose 2.14 percent to $31.32 in after-hours electronic trades. The fourth quarter losses stemmed from a charge reflecting a write-down related to the 2007 acquisition of digital advertising firm aQuantive. Microsoft announced the deal in August 2007 in a bid to seize market share from rivals Yahoo! and Google in the lucrative market that tailors advertising to Internet search results. Windows remains the dominant platform for personal computers, but it has lost ground to Google and Apple in newer devices, which use rival operating systems. The company\'s search and online services have struggled, but its Xbox gaming system has become the hottest in the industry. In its latest results, business services accounted for $6.3 billion in revenue and $4.1 billion in operating profits. Windows showed an operating profit of $2.4 billion on $4.1 billion in revenue. But the entertainment unit showed an operating loss of $263 million on revenues of nearly $1.8 billion. And online services suffered a whopping loss of $6.6 billion, taking the hit from the write-down, and had revenues of just $735 million. \"For the company the size of Microsoft it is a relative blip on the radar,\" said Forrester analyst Michael Greene. \"The question is whether they learn from the prior mistakes, and Microsoft has a pattern of doing that.\" The write-down may indicate that the company is shifting its strategy on earning revenue from online services to focus more on partnerships. The earnings figures overall showed Microsoft is under pressure to hit the mark with sales of Windows 8 and its next-generation Office software, according to independent Silicon Valley analyst Rob Enderle. Windows 8 will be publicly available on October 26. It \"is simply the biggest deal for this company in at least 17 years,\" Microsoft chief Ballmer said last week, referring to the time since the launch of the game-changing Windows 95 operating system. \"It\'s the glue; it\'s the foundation of everything Microsoft is built on.\" The latest version of the operating system that is the norm for personal computers will also be used on many smartphones and tablet computers, including Microsoft\'s own Surface tablet. The company has gone on record stating that Surface tablets would hit the market when Windows 8 become publicly available.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today online woes spark first ever loss for microsoft Arab Today, arab today online woes spark first ever loss for microsoft

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today online woes spark first ever loss for microsoft Arab Today, arab today online woes spark first ever loss for microsoft

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday