Ahhh it’s not just Office anymore my boy! They have a new cash cow now which is Azure and is good or better than AWS. Team that up with the Microsoft suite and they have a complete package or cherry pick what you want. No one is going to challenge office in the near future and we already have the big 3 in the cloud space (AWS, Azure, Google). AI will be their new growth play, which also would drive business into their cash cow….Azure.
I agree with you on the Co-Pilot thing….i think it’s risky and they should position themselves more on the infra side and see what works on the software side and dump dumb money into it (think Apple….kinda).
AI growth will slow until software is making money off it.
Edit: more than welcome to other thoughts; keeps us all smart :)
ARPU is what matters in mature subscription businesses. They’re not reporting growth because it’s a metric of the past. They’re like chipotle now. Stable growth cash cow.
If they could see me now, right on a fun ship cruise, eating fancy foods doing what you choose, I'd like my friends at home to get a good look, at the first great Carnival cruise that you took. All I can say is 'Wow!' and look at where you are, what a fun ship holy cow, they'll never believe it if my friends could see me now! (re CCL)