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22

Microsoft Posts Largest-Ever Net Loss After Nokia Writedown

By Tony Seruga

The Microsoft Corp. pavilion at the Mobile World Congress in Barcelona, Spain.

The Microsoft Corp. pavilion at the Mobile World Congress in Barcelona, Spain.

Photographer: Simon Dawson/Bloomberg

Microsoft Corp. reported its largest-ever quarterly net loss, hurt by a $7.5 billion writedown after the purchase of Nokia’s handset unit failed to rescue the software maker’s mobile business.

The net loss in the fourth quarter, which ended June 30, amounted to $3.2 billion, and sales fell 5.1 percent to $22.2 billion, Microsoft said Tuesday in a statement. Excluding the Nokia charge and costs related to job cuts, profit was 62 cents a share. Analysts on average projected profit of 58 cents on sales of $22 billion, according to data compiled by Bloomberg…

Microsoft Posts Largest-Ever Net Loss After Nokia Writedown

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