Microsoft Online Services Flushes Another $560 Million Down The Toilet

steve ballmer head in hands

Microsoft just posted September quarter earnings, and its online services division continues to burn cash at an alarming rate.

Last quarter, Microsoft’s online division reported an operating loss of $560 million on $527 million of revenue. That’s worse than the year-ago quarter, when it lost $477 million on $487 million of sales.

At this rate, Microsoft is basically burning $2 billion a year on the Internet.

More: LIVE Analysis of Microsoft Earnings

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.