Microsoft posts record revenue of $18.06 billion, along with net income loss of $492 million
We're all tuned into the Microsoft financial results for the fiscal quarter ending June 30th, 2012 and there has been some interesting details revealed. Overall, Microsoft posted a record revenue of $18.06 billion but along with that came the news of a net income loss of $492 million, something almost unheard of for Microsoft. The loss itself, Microsoft attributes to something they're calling "goodwill impairment charge" otherwise known as a "writeoff" to the tune $6.2 billion which stems from their acquisition of aQuantive. Overall though, Microsoft's quarter revenue adds up to a 7% increase from around the same time last year and quarterly operating income brought in a total of $6.93 billion. In other simpler words, a 12% increase in operating income.
Total fiscal year income coming in at $73.72 billion in revenue, with operating income at $21.76 billion. Microsoft's entertainment division helped in this area with things such as Xbox 360 having grown by 20 percent to more than $1.7 billion. On the business side of things, Microsoft raked in a 7% increase with nearly $6.3 billion in revenue. Windows and Windows Live Divisions ended up declining this quarter, slipping down by 13% while still earning $4.1 billion. We'll be digging deeper into the numbers here soon, but for now you can check out the full press release via the source link below.
Update - See our analysis of today's results here.