Microsoft reveals cloud growth but $3.2bn net loss in latest financial results
Microsoft has reported a $3.2 billion net loss for the second quarter of 2015, the worst in the company’s history, but backed it up alongside continued strong cloud growth.
It was always going to look nasty. Following the $7.5bn writedown of its Nokia offshoot, the analysts were prepared to sink their teeth into the Redmond giant as its latest financial results came through. Yet Microsoft CEO Satya Nadella was unrepentant, arguing the cloud and mobile gains were pushing the...