Microsoft's earnings for the fourth quarter are in, and they show an operating loss of $2 billion, despite $22.2 billion in revenue (compared to $23.3 billion last year). A lot of that is due to the previously announced write-down for Nokia (and 7,800 job cuts) that caused an $7.5 billion hit. Of course, we knew that was coming, but the other news is that revenue and operating income were slightly down from last year too. As the company looks forward to Windows 10, revenue for that division dropped 22 percent, a figure that it attributed to XP's end-of-support cycle. It made more money from hardware however, as revenue for Surface grew to $888 million and Xbox claimed a 27 percent gain. Even Bing is making more money, and says its market share in search has grown to 20.3 percent.
Filed under: Microsoft
Source: Microsoft
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