Microsoft tumbled to a $3.2bn net loss in the latest quarter, the worst in its history, as it struggled to put the failed acquisition of Nokia’s handset business and a slump in the PC market behind it.
The results were also weighed down by the rise of the US dollar, which wiped out any growth in its core commercial division and ate into the gross profit margin.
Microsoft still managed to top Wall Street’s downbeat revenue and earnings expectations, thanks largely to a jump in sales of its Surface tablet and Xbox games console.
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