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1. #Microsoft nokia writedown windows 10
2. #Microsoft nokia writedown software
3. #Microsoft nokia writedown Pc

Excluding the effect of currency fluctuations, revenue would have declined 2 percent. dollar hurt revenue and earnings in the recent quarter, Microsoft said. “They’re still progressing but people would like them to move faster.” “Phones continue to struggle and it was pretty much in line in the cloud initiatives,” said Dan Morgan, a senior portfolio manager at Synovus Securities Inc., which owns Microsoft shares. Chief Executive Officer Satya Nadella announced 7,800 job cuts and said he plans to narrow the focus of the mobile business to try to win customers in specific markets. While revenue from Microsoft’s cloud-computing business rose on growth in the Azure and Office 365 programs, the gains were overshadowed by the writedown, an acknowledgment that the Nokia deal had lost almost all its value after a little more than a year. Analysts on average projected profit of 58 cents on sales of $22 billion, according to data compiled by Bloomberg. Excluding the Nokia charge and costs related to job cuts, profit was 62 cents a share. The net loss in the fourth quarter, which ended June 30, amounted to $3.2 billion, and sales fell 5.1 percent to $22.2 billion, Microsoft said Tuesday in a statement.

reported its largest-ever quarterly net loss, hurt by a $7.5 billion writedown after the purchase of Nokia’s handset unit failed to rescue the company’s mobile business.

#Microsoft nokia writedown Pc

Sales of Windows to PC makers to pre-install on machines dropped 22 percent, the company said.Microsoft Corp. That matched analysts’ average projection. Revenue in the Commercial Licensing division, which includes copies of Windows and Office sold to corporate customers, fell 7 percent to $10.5 billion. Sales in the unit that includes those cloud programs rose 36 percent to $3.08 billion, In the fourth quarter, commercial cloud revenue climbed 88 percent, Microsoft said. Microsoft expects currency exchange rates to continue to affect revenue in the fiscal year that started July 1, Chief Financial Officer Amy Hood said in an interview.Ĭurrency will impact the company’s commercial business even more in the first half of the year than it did in the fourth quarter, she said. The company released new cloud products and services, including Azure data-center features and Office 365 productivity programs, and brought out versions of its mobile applications for Apple Inc.

#Microsoft nokia writedown software

Under Nadella, Microsoft has refocused on corporate software and tools. Worldwide PC shipments fell 9.5 percent in the June quarter, Gartner said. Sales of Windows have suffered as the personal-computer market heads toward its fourth straight year of shrinking unit sales, and Microsoft has seen lackluster demand for phones and tablets that run on the platform.

#Microsoft nokia writedown windows 10

Microsoft is releasing a new version of its flagship operating system, called Windows 10 next Wednesday. Three other senior leaders, including Mark Penn, a former adviser of President Bill Clinton, are also leaving the company. Former Nokia CEO Stephen Elop is exiting as Microsoft’s hardware chief as the company consolidates that business with its Windows division. Last month, Nadella unveiled the biggest management overhaul in his 18 months as CEO. The addition of the unit - a deal struck under CEO Steve Ballmer, Nadella’s predecessor - was a flop, and Microsoft’s smartphone business continued to lose money while gaining little ground with mobile users. Microsoft acquired Nokia’s phone unit in April 2014 for $9.5 billion, including $1.5 billion in acquired cash.