25/07/2014 17:41:35 Cookie Policy Free Membership Login

Microsoft’s Q4 Sales Rise (MSFT)

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Microsoft Corporation (NASDAQ:MSFT) after-market close on Thursday reported its fourth-quarter financial results, posting a 4% increase in revenue. MSFT’s results come ahead of the much anticipated launch of Windows 8 operating system.

The Redmond, Washington-based company reported fourth-quarter revenue of $18.06 billion. MSFT’s non-GAAP revenue for the quarter was $18.6 billion.

Microsoft reported a net loss for the first time since going public back in 1986. The first loss in more than 25 years was primarily due to a previously reported charge related to the write down of the value of its struggling online unit.

MSFT reported a net loss of $492 million, or $0.06 per share for the quarter. Excluding the charge, the company reported earnings of $0.67 per share, compared to $0.69 per share reported for the same period last year.

Analysts surveyed by Thomson Reuters were expecting the software maker to report adjusted earnings of $0.62 per share and revenue of $18.12 billion.

MSFT stock is marginally higher in early trading today as investors digest the company’s fourth-quarter results. At last check, the stock was trading 0.38% higher at $30.78.

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