The more customers Microsoft adds to Office 365, the less it makes from each subscriber

The more consumers that Microsoft puts on its Office 365 subscription rolls, the less it makes from each customer, data the company disclosed Tuesday showed.

Even though Microsoft has increased subscriptions by double digits for six straight quarters, the average per-subscriber revenue has continued to decline, and for the first time fell under $50.

In the June quarter, which Microsoft reported Tuesday, the company had 15.2 million subscribers to the Office 365 Personal and Home plans, a...

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