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22 - 26 March

Festival for a rapidly changing world

Topics include: Direct to consumer / E-commerce / Data & privacy / Martech

Nokia purchase fuels Microsoft’s worst ever quarter

Microsoft has reported its largest ever quarterly loss of $2.1bn for fourth quarter.

Despite bringing in revenue of $22.2bn revenue the firm had to handle the weight of its under-performing mobile sector – which it purchased from Nokia last year for an eye-watering $7.6bn.

Excluding the Nokia expenses (and revenue), the computing giant took a $6.4bn profit.

Such figures help contextualise why the firm earlier this month slashed a total of 7,800 jobs, many of which were in its mobile sector.

The upcoming release of the cross-platform operating system may prove to be the making - or breaking – of Microsoft as it looks to combat industry intrusions from Apple and Google.

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