Microsoft increasing its bet on unprofitable division
SeattlePI | at | by Mike
Microsoft's business-applications division is getting a $50 million budget boost and more direct involvement from Chief Executive Steve Ballmer, reinforcing the company's efforts in an area where it has yet to see a profit.
Microsoft Business Solutions was singled out during the company's last quarterly conference call for what Microsoft's chief financial officer called "the weakest results" among the company's seven divisions. The division makes programs used mainly by small- and medium-sized businesses, including software for financial reporting, customer-relationship management, and distribution.