Tuesday, May 13, 2003
Xbox division, part of Microsoft, has double the loss on its games and consumer hardware sales in the most recent quarter than it had a year earlier, according to a new regulatory filing.
Microsoft reported Monday that the home and entertainment division lost $190 million before taxes, write-offs and other charges in its fiscal third quarter that ended March 31, compared with a loss of $97 million a year earlier.
The division's quarterly revenue fell to $493 million from $943 million a year earlier.
The loss, which is mainly due to the ongoing costs of Microsoft's one-and-a-half-year effort to break into the video game business, was detailed on the same day the software giant announced new features and gmaes for Xbox.
The company's business solutions division, which makes and sells software to small and medium-size businesses, had also had an operating loss of $67 million on revenue of $148 million.
MSN, Microsoft's Internet access and portal service, had a loss of $92 million on revenue of $619 million. The unit covering software for devices and mobile phones generated a $42 million loss on $39 million in revenue.
Microsoft's three flagship divisions all increased their revenue and operating profit in the fiscal third quarter from a year earlier. The desktop, including the Windows operating system, had an operating profit of $1.99 billion on revenue of $2.5 billion.
The division for server software for managing computer networks had an operating profit of $421 million on revenue of $1.59 billion. The information worker segment that includes the Office suite of document, spreadsheet and e-mail programs had an operating profit of $1.94 billion on revenue of $2.47 billion.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
