Microsoft's online services unit pares losses in Q2

Sure, Microsoft lost a lot of money on Bing and other properties, but it's headed in the right direction.

Don't look now, but Microsoft's online services division---a unit that historically has been a lock to lose about half a billion dollars a quarter---has improved operations and pared its losses.

In Microsoft's second quarter report, the headlines were Windows 8 and enterprise strength, but tucked away was the fact that the online services unit improved.

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Specifically, Microsoft's online services unit lost $283 million in the second quarter, down from a loss of $459 million in the same quarter a year ago. Revenue for the division was $869 million, up from $784 million.

Sure, Microsoft lost a lot of money on Bing and other properties, but it's headed in the right direction.

For its part, Microsoft credited revenue per search improvements.

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