Microsoft's losses in the fourth quarter exceeded $ 2 billion due to the failure of the smartphone market
June 30 for the company Microsoft ended the 2015 fiscal year. The Corporation has published a financial report for the fourth quarter.
Microsoft revenues for the quarter totaled $ 22.180 billion. This is 5% less than the amount for the same period last year ($ 23.382 billion). From April to June, the company's operating losses were $ 2,053 billion. A year ago, the company's operating profit was $ 6.482 billion.
The losses are attributed to the write-off of the assets of the mobile unit of Nokia Devices and Services. Microsoft acquired it last year for $ 7.5 billion. The $ 780 million cost was reorganized and $ 160 million was spent on the integration plan of the acquired business. However, Microsoft’s attempt to enter the smartphone market has failed.
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The Microsoft Devices and Consumer division received revenues of $ 8.7 billion, which is 13% less than the same period last year. At the same time, revenues of the Windows OEM direction decreased by 22%, while revenues of the Surface and Xbox directions increased by 117% and 27%, respectively. In addition, advertising revenue in Bing search results increased by 21%.
Microsoft's revenues for the 2015 fiscal year total $ 93.580 billion, which is 8% higher than revenues for the 2014 fiscal year ($ 86.833 billion).
The company's operating profit for the year decreased by 35% and decreased from $ 27.759 billion to $ 18.161 billion, reports The Verge.
Microsoft revenues for the quarter totaled $ 22.180 billion. This is 5% less than the amount for the same period last year ($ 23.382 billion). From April to June, the company's operating losses were $ 2,053 billion. A year ago, the company's operating profit was $ 6.482 billion.
The losses are attributed to the write-off of the assets of the mobile unit of Nokia Devices and Services. Microsoft acquired it last year for $ 7.5 billion. The $ 780 million cost was reorganized and $ 160 million was spent on the integration plan of the acquired business. However, Microsoft’s attempt to enter the smartphone market has failed.
')
The Microsoft Devices and Consumer division received revenues of $ 8.7 billion, which is 13% less than the same period last year. At the same time, revenues of the Windows OEM direction decreased by 22%, while revenues of the Surface and Xbox directions increased by 117% and 27%, respectively. In addition, advertising revenue in Bing search results increased by 21%.
Microsoft's revenues for the 2015 fiscal year total $ 93.580 billion, which is 8% higher than revenues for the 2014 fiscal year ($ 86.833 billion).
The company's operating profit for the year decreased by 35% and decreased from $ 27.759 billion to $ 18.161 billion, reports The Verge.
Source: https://habr.com/ru/post/292882/
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