Microsoft reports big losses in the fourth quarter

Microsoft today reported its earnings for the fourth quarter of its 2015 fiscal year and unsurprisingly, the massive $7.6 billion write down for its Nokia purchase last year tanked any chances of it turning a profit. The write down pushed Microsoft's losses to $2.1 billion for the quarter. Excluding the write down and related charges, Microsoft's other businesses earned a profit of $6.4 billion on $22.2 billion in revenue.

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