Microsoft has reported a loss of $3.19 billion for the quarter ended June 30th, 2015, a decrease of 169% from $4.61 billion in profits the same quarter last year. The total revenues for the quarter also declined to $22.18 billion from $23.38 billion in the corresponding quarter last year. The operating income for the company also reported a loss of $2.05 billion, a decline of 131.63% from a profit of $6.48 billion in the same quarter last year. The loss reported is mostly due to the write off of Nokia’s $7.5 billion phone hardware business and $780 million of restructuring expenses. The company mentioned that there was an additional charge of $160 million related to an integration and restructuring plan announced prior to this one. Highlights: - Devices and consumers licensing revenues declined 34% to $3.23 billion for the quarter, down from $4.90 billion in the same quarter last year. The decline was mainly due to the end-of-support for Windows XP and end of Nokia’s commercial agreement in the previous year. Windows OEM revenues declined by 22% while Windows Phone revenues declined by 68%. Office consumer revenues also declined by 42% as users transitioned to the subscription based Office 365 instead of outright purchasing Office. - Microsoft's Computing and Gaming hardware business generated $1.93 billion in revenues, up 44% from $1.24 billion in the same quarter last year. The revenue growth was driven by the company’s newly launched Surface 3 tab, which generated revenues of $888 million. Xbox console sales also…
