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Microsoft reports biggest quarterly loss in its history

The tech giant is blaming much of its losses on acquiring Nokia. Credit: Reuters

Microsoft has reported the biggest quarterly loss in its history, as a result of its $7.6 billion (£4.8bn) purchase of Nokia.

The US-based technology giant announced a loss of $2.1 billion (£1.3bn) for the fourth quarter of its financial year, with revenue of $22.2 billion (£14.2bn).

The Windows software maker did however also announce a 117% increase in its Surface tablet business as it continues to do battle with Apple's iPad.

The Surface business is now worth $888 million (£570m), and the Xbox was on the up to, with revenue from the games console up 27%.

'Significant arrest' following PlayStation and Xbox hacks

Police said they had made a "significant arrest" today following the 2014 cyber attacks on Sony PlayStation and Microsoft Xbox systems.

An 18 year-old-man was arrested on suspicion of unauthorised access to computer material and officers from the National Cyber Crime Unit seized electronic and digital devices from the teenager's Boundary Street home in Southport.

Deputy Chief Constable Peter Goodman, national policing lead for cyber security, said: "This arrest demonstrates that we will pursue those who commit crime with the false perception they are protected within their own homes or hiding behind anonymous online personas."


Teen arrested following PlayStation and Xbox cyber attacks

An 18-year-old man has been arrested following the cyber attacks on Sony PlayStation and Microsoft Xbox systems last year.

The South East Regional Organised Crime Unit said the teenager was arrested in Merseyside in a joint British and FBI-led operation.

The teenager is being held in Southport, Merseyside, on suspicion of unauthorised access to computer material.

Microsoft rushes to fix Internet Explorer bug

Computer firm Microsoft is hurrying to fix a bug with the Internet Explorer browser after it emerged that hackers have already exploited the glitch with attacks on US companies.

Computer giant Microsoft is working to fix a bug with its Internet Explorer browser. Credit: DPA DEUTSCHE PRESS-AGENTUR/DPA/Press Association Images

Microsoft said the bug could allow hackers to take over a computer, install malicious programmes and create user accounts.

Cybersecurity firm FireEye said so far there had been "targeted attacks seemingly against U.S.-based firms, currently tied to defence and financial sectors".

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