acdcste on 20 July 2012
Snippet here from the paper today.
Microsoft reported its first ever loss after it slumped into the red between april and june. The company, the worlds largest software maker, made a net loss of £313 million, compared to a profit of £3.8 billion the year before. It came after the group wrote down some £3.9 billion from its 2007 takeover of the online advertisement firm aQuantive, which it bought in a bid to beat google. But yesteray microsoft admitted the acquisition hadn't bought any benefits. Sales dropped 4pc to £11.4bn.
But in its full year results, also released yesterday, the company made a net profit of 14.2bn on revenues of 46.9 bn.
