Microsoft Beat on Earnings Because Its Phone Business Is Finally Dead
Overall, Microsoft's (NASDAQ: MSFT) earnings report last night was pretty solid, beating consensus estimates for both top- and bottom-line results. Office 365 consumer subscribers climbed to 27 million, Azure revenue nearly doubled, and the software giant's commercial cloud annualized revenue run rate now exceeds $18.9 billion.
There were some soft spots, like revenue guidance coming in slightly below analyst forecasts. One item in particular was a mixed bag: the phone business.
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Source: Fool.com
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