"Online Services Division revenue grew 14% year-over-year primarily driven by increases in search revenue." That was Microsoft's statement about the Online Services Division in their earnings release yesterday. Growth! Yippee! The strategy is working! Right? Wrong. What they don't bother to mention in the release, but they can't hide in the actual numbers, is just how bad the quarter actually was for the division. While revenue may have grown a bit year over year, income ? as in the money you actually get to keep ? was an entirely different story. It was a bloodbath, really. Yes, again.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/7jNLcl9AI7Q/
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