Microsoft Beat on Earnings Because Its Phone Business Is Finally Dead

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.

Image source: Getty Images.

Continue reading

Source: Fool.com