Microsoft's Least Exciting Business Line Is Its Most Important, and Investors Shouldn't Overlook It

In January 2024, Office 365 quietly reached 400 million paid seats. Microsoft (NASDAQ: MSFT) products are as integrated into our professional lives as meetings that could've been emails, but these "boring" and decades-old tools are the fuel Microsoft is using to compete in the artificial intelligence (AI) race.As AI progresses and automates away chunks of the professional world as we know it, the legacy suite of Microsoft 365 products shows no signs of slowing down. This ability to quietly and reliably generate revenue is funding Microsoft's riskier AI bets.Office products generated $54.9 billion in fiscal year 2024 (the 12 months ended in June 2024). That was 22% of all of Microsoft's revenue. Microsoft 365 will keep the company on the leaderboard of AI innovators for years to come. This is great news for long-term Microsoft investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool