First quarterly loss for Microsoft in 26 years

Press Association
Microsoft
Microsoft

Microsoft has posted its first quarterly loss in its 26 years as a public company as it declared a struggling online ad business a bust and prepared for one of the biggest product updates in its history.


The software giant had warned two weeks ago that it would take a 6.2 billion (£3.9 billion) charge in the April-June quarter because its 2007 purchase of online ad service aQuantive failed to help it compete with Google. The amount reflected the bulk of the 6.3 billion-dollar (£4 billion) acquisition cost.