US-based Microsoft incurred $126 million in operating expenses as it decided to withdraw from the Russian market, according to the company’s financial report for the last quarter of the year.
Earlier, Microsoft said it would continue to reduce its work in Russia until it reduced its presence to a minimum or eliminated it completely. “As a result, we recorded $126 million in operating expenses related to bad debts, asset impairments and severance payments,” the statement released on Tuesday said.
According to the report, the company’s quarterly revenue reached $51.9 billion, up 12% year-on-year. Microsoft’s net income was $16.7 billion, up 2% from last year.
At the end of March, Microsoft announced that it was not suspending cooperation with customers from Russia, but would continue to work with Russian schools and hospitals and a number of other organizations. And since June, when trying to install Windows 11 and Windows 10 from Russia from the company’s website, an error occurs. The company has not commented on this matter.
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