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by intsunny 2407 days ago
Isn't the lion's share of MSFT's profits from their traditional OS and Office business units?
2 comments

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.
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.