FeralKitty
07-24-2011, 04:40 PM
From TechCrunch (http://techcrunch.com/2011/07/23/the-giant-sucking-sound/):
What Microsoft once again conveniently left out is any talk of how profitable the division is. That’s because it’s not profitable. Oh boy is it ever not profitable. The division lost $728 million for quarter. Remarkably, that’s the second-worst loss they’ve ever reported — only $4 million shy of the record $732 million loss in Q4 2009 (http://www.microsoft.com/investor/EarningsAndFinancials/Earnings/PressReleaseAndWebcast/fy09/Q4/default.aspx).
After I pointed out the loss last quarter (http://techcrunch.com/2011/04/29/microsoft-internet-bloodbath/), apologists were quick to jump on the “they just need more time” argument. Well, unbelievably, they continue moving the wrong way. Last quarter’s loss was an astounding $726 million. They somehow lost $2 million more this past quarter.
Even crazier, this is the 22nd consecutive quarter that Microsoft has reported an overall loss in the Online Services Division. There hasn’t been a profit reported since 2005.
Think about that for a second. 22nd consecutive quarters of losses. Revenues are increasing, but the losses are increasing faster. They’re spending well over two dollars for every dollar they earn.
And then there is the biggest number of all. For the year, the Online Services Division lost $2.557 billion.
Read more... (http://techcrunch.com/2011/07/23/the-giant-sucking-sound/)
What Microsoft once again conveniently left out is any talk of how profitable the division is. That’s because it’s not profitable. Oh boy is it ever not profitable. The division lost $728 million for quarter. Remarkably, that’s the second-worst loss they’ve ever reported — only $4 million shy of the record $732 million loss in Q4 2009 (http://www.microsoft.com/investor/EarningsAndFinancials/Earnings/PressReleaseAndWebcast/fy09/Q4/default.aspx).
After I pointed out the loss last quarter (http://techcrunch.com/2011/04/29/microsoft-internet-bloodbath/), apologists were quick to jump on the “they just need more time” argument. Well, unbelievably, they continue moving the wrong way. Last quarter’s loss was an astounding $726 million. They somehow lost $2 million more this past quarter.
Even crazier, this is the 22nd consecutive quarter that Microsoft has reported an overall loss in the Online Services Division. There hasn’t been a profit reported since 2005.
Think about that for a second. 22nd consecutive quarters of losses. Revenues are increasing, but the losses are increasing faster. They’re spending well over two dollars for every dollar they earn.
And then there is the biggest number of all. For the year, the Online Services Division lost $2.557 billion.
Read more... (http://techcrunch.com/2011/07/23/the-giant-sucking-sound/)