Dive Brief:

• Microsoft reported its first quarterly loss in three years on Tuesday.

• The company’s net loss for the quarter was $3.2 billion, compared to $4.6 billion in profit during the same period in 2014.

• Microsoft’s quarterly revenue has declined more than 5% year-over-year.

Dive Insight:

Company officials said the loss was largely a result of a $7.5 billion write-down for its acquisition of Nokia’s devices and services business in 2014. But the news is the latest in a number of downward-trending Microsoft announcements, including cutting jobs in its smartphone hardware and Bing Maps departments.

However, the official launch of Windows 10 next week may help bolster company profits. Microsoft’s executive vice president of Windows and Devices, Terry Myerson, recently said Microsoft plans to have more than one billion devices running Windows 10 by the end of the 2017 fiscal year.