By TechCrunch.com, Published: July 23
Reading Microsoft’s press release on their earnings, you’d think everything is fantastic in the division. “Online Services Division revenue grew 17% for the fourth quarter and 15% for the full year, primarily driven by increases in search revenue.” Big growth! Awesome!
Wait a minute…
What Microsoft once again conveniently left out is any talk of how profitable the division is. That’s because it’s not profitable. Oh boy is it ever not profitable. The division lost $728 million for quarter. Remarkably, that’s the second-worst loss they’ve ever reported — only $4 million shy of the record $732 million loss in Q4 2009.