Microsoft's Azure cloud revenue doubles, but phone sales plummet

July 19, 2016 9:38 PM

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Microsoft's Azure cloud revenue doubles, but phone sales plummet

Azure is going strong, but Microsoft's phone retreat is costing it

Overall revenue for the quarter was down, however, thanks partly to a steep decline in Microsoft's handset business. Total revenue for the three months ended June 30 was $20.6 billion, Microsoft said, down from $22.2 billion last year. Net profit was $3.1 billion.

Also read: Nokia ready for smartphone comeback in 2017

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