Microsoft reported its first loss in more than two decades Thursday as an accounting adjustment and low PC sales hurt the software maker’s numbers. However, the company remained optimistic that consumer demand will regain momentum when various upcoming products hit the market later this year. Before the company released its quarterly earnings Thursday, it had already warned about a $6.2 billion charge stemming from its 2007 purchase of online ad service aQuantive.
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aQuantive Fiasco Hands Microsoft Its First Fiscal Loss
Posted by: Rachelle Dragani July 20, 2012 10:32 AMMicrosoft reported its first loss in more than two decades Thursday as an accounting adjustment and low PC sales hurt the software maker’s numbers. However, the company remained optimistic that consumer demand will regain momentum when various upcoming products hit the market later this year. Before the company released its quarterly earnings Thursday, it had already warned about a $6.2 billion charge stemming from its 2007 purchase of online ad service aQuantive.