“Microsoft: The Third Pillar” (The Emerging Opportunity For MSFT From Generative AI)
Microsoft (NASDAQ: MSFT) Office revenues reached ~$49 billion in FY2023 (up ~70% from FY2018); Office 365 Commercial now has ~400 million paid seats, up >100% from yearend FY2018. Ongoing strength in paid seats (volumes), at +11% YoY in Q4 FY2023, was led by SMB’s and frontline workers.
