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  Microsoft Posts Deeper Loss in Video Game Unit
Time: 00:00 EST/05:00 GMT | News Source: Reuters | Posted By: Todd Richardson

Microsoft Corp. MSFT.O nearly doubled its losses from the Xbox video game console in the December quarter, according to a regulatory filing on Friday, as the unit that makes its Office software closed in on Windows as being the company's most profitable. In a quarterly report with the U.S. Securities and Exchange Commission, Microsoft said it posted operating income of $1.97 billion in the December-ended quarter in its Windows-centered business unit on revenue of $2.44 billion. That was down from income of $2.11 billion and revenue of $2.68 billion a year earlier. Microsoft's Home and Entertainment segment, which includes the Xbox, games for personal computers and the company's TV products, posted an operating loss of $348 million in the quarter on revenue of $1.28 billion. A year earlier it had revenue of $833 million and a loss of $180 million.

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#300 By 4240821 (62.76.153.72) at 11/24/2024 2:47:03 AM
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