What Makes Microsoft’s Money

A $3.8 trillion giant with hundreds of products.

Azure is number one

Its cloud crossed $100 billion in revenue, up 41%.

Office is number two

Microsoft 365 for business brings in about $102 billion.

The famous ones are smaller

Windows, Xbox, LinkedIn and Bing are dwarfed by cloud and Office.

Where the profit lives

Cloud and software carry a roughly 45% operating margin.

The real Microsoft

A cloud and software company, with an AI layer on top.

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