The company that once dominated the computer industry is making the transition to a world where software lives on many devices, all managed online in the cloud. As Microsoft makes that shift, its commercial division -- which sells its Windows operating system and Office productivity apps to businesses -- continues to take a hit.
Microsoft on Thursday reported fiscal third-quarter results that exceeded analysts' estimates. But it also said sales in its cash cow commercial division grew only 5 percent, and overall profit fell 12 percent year-over-year. Sales growth in the division declined steadily in the past 12 months. The company said current quarter growth of its commercial division would have been 2 percentage points higher if not for currency fluctuations.
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