Microsoft reports $3.2 billion quarterly loss
CALIFORNIA – Microsoft Corp (MSFT.O) reported a $3.2 billion quarterly net loss, hurt by charges related to its Nokia phone business and job cuts, and weak demand for its Windows operating system.
The company recorded impairment, integration and restructuring expenses of $8.4 billion in the fourth quarter ended June 30.
Microsoft reported a net loss of 40 cents per share.
The company reported net income of $4.61 billion, or 55 cents per share, a year earlier.
Revenue fell 5 percent to $22.18 billion. – REUTERS