Microsoft has posted its Q1 reports. If reports are to be believed, the tech giant has reported a quarterly loss for the first time in its 26 years on the market.
Insiders informed that Microsoft has reported total losses for the quarter amounted to $492 million, or $0.06 per share, while for the same period a year ago, Microsoft recorded $5.9 billion , or $0.69 per share losses in net income.
As far as Microsoft’s Windows & Windows Live Division is concerned, it reported a 13 percent decline in revenue for the quarter and 3 percent for the full year.
It is worth noticing, analysts has already warned weeks ago that Microsoft would take a $6.2 billion charge in the April-June quarter because its 2007 purchase of online ad service aQuantive failed to help the company to contend against Google. Microsoft spent a big chunk of money on this. Microsoft has spent $6.3 billion in aQuantive acquisition.
Microsoft's fortune is now tied to its latest release of Windows 8 which is likely to happen on October 26. Windows 8 is Microsoft’s most significant redesign of its flagship operating system since 1995.
Let’s hope, Windows 8 will help Microsoft to restore its fading tech supremacy.
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