Linked by Thom Holwerda on Thu 19th Jul 2012 23:57 UTC
Microsoft "Microsoft today announced quarterly revenue of $18.06 billion for the quarter ended June 30, 2012. Operating income and loss per share for the quarter were $192 million and $0.06 per share. The financial results reflect the previously announced non-cash, non-tax-deductible income statement charge of $6.19 billion for the impairment of goodwill and the deferral of $540 million of revenue related to the Windows Upgrade Offer."
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MollyC
Member since:
2006-07-04

Maybe Thom didn't make a big deal of it because he realizes that this "loss" is just on paper? The loss actually took place 5 years ago with a bonehead purchase of aQuantive; a 6 billion dollar purchase that resulting in no revenue.

Microsoft just happened to take the charge for that debacle this quarter; they could've done taken the charge for any of the previous 10 quarters or any of the upcoming 10 quarters. In other words, the aQuantive loss has nothing to do with the state of the company for this particular quarter; it reflects a stupid decision made years ago.

What really reflects the state of the company for this quarter is the record earnings (contrary to the rantings of bassbeast). Note that Wall Street ignored the "loss" (as the aQuantive charge had been announced weeks ago), and liked the record earnings which clobbered the expectations.

Edited 2012-07-20 05:50 UTC

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