 "Microsoft sees largest loss, disappointing forecast")
Microsoft Corp shares fell the most in almost six months after the software maker posted its largest-ever quarterly loss and offered a disappointing sales forecast.
Microsoft's projected ranges for its six units implied a total revenue of around $21 billion for the current quarter, about $1.5 billion below what analysts expected, Gregg Moskowitz, an analyst at Cowen & Co, said in a note.
Sales will be lower than estimated in the commercial licensing unit, which is hurt more than the rest of the company because of a strong dollar. The forecast also fell short of predictions for phone hardware; Microsoft's decision this month to slash the number of models it sells will produce a significant revenue fall. And CEO Satya Nadella said the revenue bump from Windows 10, which goes on sale next week, would come mostly two quarters from now.
Microsoft's projected ranges for its six units implied a total revenue of around $21 billion for the current quarter, about $1.5 billion below what analysts expected, Gregg Moskowitz, an analyst at Cowen & Co, said in a note.
Sales will be lower than estimated in the commercial licensing unit, which is hurt more than the rest of the company because of a strong dollar. The forecast also fell short of predictions for phone hardware; Microsoft's decision this month to slash the number of models it sells will produce a significant revenue fall. And CEO Satya Nadella said the revenue bump from Windows 10, which goes on sale next week, would come mostly two quarters from now.