How does Microsoft print?
Azure and Office. GitHub and OpenAI sit inside the cloud story.
The enterprise already pays. Copilot is an attach on a paid seat.
The mix
- Intelligent CloudAzure, server, GitHub.43%
- ProductivityOffice, LinkedIn, Dynamics.32%
- More PersonalWindows, Xbox, search.18%
- OtherOne-offs.7%
Microsoft segment shape, recent fiscal years.
Who pays
IT buyers. Developers on Azure and GitHub. Consumers on Windows / Xbox.
Who builds
Azure, Office, GitHub, AI platform. PM and cloud IC are the volume seats.
