Microsoft Posts $492 Million Loss

Microsoft has just announced its financial results for the fiscal quarter ending June 30th, 2012, and the company has posted a net loss of $492 million. Despite record revenue of $18.06 billion, the company was weighed down by what it’s calling a “goodwill impairment charge” of $6.2 billion…

…the quarter’s revenue figure represents an increase of 7 percent from the same time last year, with its quarterly operating income of $6.93 billion representing a twelve-percent increase.

Wow. Although Microsoft seems to be turning things around, it is still strange to think that this is their first operating loss since they went public in 1986. Oddly, the company also reported record-setting revenue. I hope things turn around for the company, but it is interesting to think that one day we can look back at this as the beginning of the end for Microsoft.