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OOPS! Microsoft Posts First Ever Loss, Half a Billion Dollars Misplaced?

Posted: July 21st, 2012 | Author: | Filed under: Microsoft, Technoid Computer News | Tags: , , , | Comments Off on OOPS! Microsoft Posts First Ever Loss, Half a Billion Dollars Misplaced?

OOPS! Microsoft Posts First Ever Loss, Half a Billion Dollars Misplaced?That behemoth that is Microsoft – under the steerage of Steve Ballmer – has reported its FIRST EVER quarterly loss as a publicly listed company.

The company misplaced almost half a billion dollars – $US492 million – in the fourth quarter due to a massive $US6.2 billion write-down related to its 2007 acquisition of aQuantive, a digital advertising firm aimed at helping Microsoft compete against Google and others.

The news is dire, not deathly though, Microsoft still posted an annual profit of $US16.98 billion and said the results reflected “solid revenue growth and rigorous cost discipline”.

In stark contrast, that other behemoth, Google, has reported an 11 per cent jump in second quarter profit to $US2.79 billion. Google said the result was boosted by a 21 per cent jump in revenues from its internet sites.