Microsoft has to report loss due to 2007 acquisition
Microsoft reported record revenue during their quarterly earnings today, although they had to post a loss, their first ever.
Revenue came in at $18.06 billion, a record, but the company had to report a loss of $492 million. The loss was due to a massive write-off of $6.2 billion from their 2007 acquisition of aQuantive. The ad company just never panned out, and Microsoft lost almost all it invested to purchase it.
Without the one-time charge, revenues were up 7 percent year-over-year and profits would have been up 12 percent.
Revenue in the Entertainment and Devices division (Xbox 360, Windows Phone, Xbox Live) grew the most, spiking 20 percent to $1.7 billion.
For the fiscal year, Microsoft posted $73.72 billion in revenue and $21.76 billion in operating income.