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Microsoft misses forecast due to poor hardware sales
That transition remained on track, with cloud margins improving and the company’s annual commercial cloud revenue run rate – a bespoke metric closely watched by analysts – reaching $15.2 billion, a 50% year-on-year improvement. It marks good progress toward its goal of pushing the figure to $20 billion by 2020. Nadella said Microsoft reached 100 million monthly active users for Office 365 commercial, the firm’s flagship cloud productivity software, the first time Microsoft has given such a figure.
Popular high-end computers from other makers, along with the fact that many Surface products have been on the market for many months, hurt Surface sales, said Zack Moxcey, an investor relations director for Microsoft. The lower-than-expected revenue in the personal computing division came amid an uptick in the broader PC market.
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