Microsoft has not suffered a quarterly loss since going public in 1986.
Microsoft has not suffered a quarterly loss since going public in 1986. Supplied

Microsoft posts first loss ever

MICROSOFT Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced charge for writing down the value of its ailing online unit.

The world's largest software company reported a net loss of $US492 million, or 6 cents per share for its fiscal fourth quarter, compared with a profit of $US5.87 billion, or 69 cents per share, in the year-ago quarter.

Sales rose 4 per cent to $US18 billion, dampened by slowing PC sales featuring its flagship Windows operating system.

Microsoft has not suffered a quarterly loss since going public in 1986.

The loss was expected after Microsoft said earlier this month that it would take a $US6.2 billion write-down for the value of its online unit after an ill-fated acquisition.

Read more at Brisbanetimes.com.au
 


Coach: What will help Grammar win prized rugby title

Premium Content Coach: What will help Grammar win prized rugby title

Who plays when, at Regional Rugby Championships in Rockhampton.

Global mining giant chairman steps down from board

Premium Content Global mining giant chairman steps down from board

The announcement follows the former CEO stepping down and the axing of senior...

Here’s how you can help clean up CQ this weekend

Premium Content Here’s how you can help clean up CQ this weekend

A shocking 4687 cigarette butts were littered in CBD drains across CQ in...