Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit

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Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit - Channel News Asia

Quick Summary:

Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025 over General Motors' exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday.

The Windows maker also said the impairment charge would have a negative impact of about 9 cents on its second-quarter earnings per share.

FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024.