[ibatindev]

He made the right call by putting the cloud first, that's where real revenue come from. Nevertheless, let's remind that $MSFT has around 150k employees, where literally thousands are top tier in their position all across the industry.

[intsunny]

Isn't the lion's share of MSFT's profits from their traditional OS and Office business units?

[dharmab]

Check out their Q4 earnings release; Azure and cloud services are the products with highest growth. IIRC While Office desktop is still a major revenue source the market is trending towards Office 365, and Windows is behind cloud services revenue.

[eigenvalue]

That may be, but each incremental dollar of cloud revenue is assigned a much higher multiple by investors because it is growing quickly and seen as being more defensible over the long term.