  Microsoft suffers $3.2bn loss due to Nokia writedown July 22, 2015 - 14:06 AMT PanARMENIAN.Net - Microsoft ended its fiscal year Tuesday, July 21, with results that reflected its focus on cloud and enterprise growth, alongside the painful unwinding of its Nokia deal, according to USA Today. The Redmond, Wash-based software company reported adjusted earnings per share of 62 cents against revenue of $22.2 billion, which beat Wall Street estimates of 56 cents and $22.06 billion, according to analysts polled by Thomson Financial Network. Microsoft's commercial revenue grew 88%, driven by Office 365, Azure and Dynamics CRM Online, providing $10 billion of the total. Also contributing was devices and consumer licensing revenue of $3.2 billion, with Xbox and Surface hardware bringing in nearly $2 billion. But notable drags on the quarter included the impact of the global slowdown of PC sales (down 11% year to year, according to IDC) as well as the company's $7.6 billion writedown of Finnish cell phone maker Nokia, which the company purchased for $9 billion two years ago. Reflecting the Nokia writedown, net income swung to a $3.2 billion loss. Quarterly revenue fell 5% over the year-ago quarter.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Pashinyan’s spokesperson denies intention to visit Baku for COP29  Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said.Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said.Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution.Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. |
