Microsoft Q3: Bing, cloud biggest winners, phones still down

Microsoft’s investments and patience with its products, despite criticisms and contrary suggestions, are probably starting to pay off. The company has released its financial report for the first quarter of the 2016 fiscal year, which ended September 30, 2015 and the numbers are quite the mixed bag. Although Redmond is practically reporting a revenue loss, the company is strangely upbeat about the business. The details do hint at some businesses experiencing a growth surge, with things looking hopeful. That is, except for the poor smartphone.

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