Company Takes $6.19 Billion Charge for Online Unit; Corporate Sales Still Strong
Microsoft Corp. posted a rare quarterly loss because of a
previously announced charge for its money-losing Internet business, but
the software giant continued to show signs of strength in selling
software to corporations.
The $492 million loss reflected a
$6.19 billion charge for Microsoft's online division, which includes the
Bing search engine business and MSN Web portal. The unit hasn't met the
company's expectations for advertising sales and the company opted to
write down the value of a major acquisition.
Microsoft's total revenue rose nearly 4%, while revenue in the unit that sells software for server systems and related products
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