I work with fortune 500 clients, and all of them use Windows server for something. Usually a lot of somethings. For example: Active Directory.

If we look at Microsoft's revenue I think it's pretty clear that they do in fact care an awful lot about Windows Server - or at least should.

In fiscal year 2025, Microsoft Corporation's revenue by segment:

    Devices: $17.31 B
    Dynamics Products And Cloud Services: $7.83 B
    Enterprise Services: $7.76 B
    Gaming: $23.46 B
    Linked In Corporation: $17.81 B
    Microsoft Three Six Five Commercial Products And Cloud Services: $87.77 B
    Microsoft Three Six Five Consumer Products and Cloud Services: $7.40 B
    Other Products And Services: $72.00 M
    Search Advertising: $13.88 B
    Search And News Advertising: $13.88 B
    Server Products And Cloud Services: $98.44 B
    Server Products And Tools: $98.44 B
    Windows: $17.31 B

I don’t think this is clear at all because the segments are lumped together and highly unclear.

What’s the difference between “server products and cloud services” and “server products and tools?”

I assume the former is Azure and the latter is on-premise.

In that case if we lump 365 in with server products and cloud tools then it shows that 2/3 of the enterprise revenue is going to cloud and 1/3 is on-premise (and I assume that 1/3 is declining over time)

You only need a couple of Active Directory and Exchange servers here and there. But who's using IIS or SQL Server these days? Sharepoint also seems to be on a downturn.

> Linked In Corporation: $17.81 B

Hwat? How does LinkedIn generate revenue (as much as "Windows")?