#outlook

#outlook

EPS of $7.44, up 9.1% compared with $6.82; Adjusted EPS of $8.14, up 8.1% compared with $7.53 Revenues of $4,067.3 million, up 7.8% on a reported basis and up 4.1% on an organic basis Operating margin of 21.1%, compared with 20.7%; Adjusted operating margin of 23.2%, up 40 basis points compared with 22.8% Available cash flow, which is defined as net cash from operating activities minus capital expenditures, was $685.7 million for 2025, an increase of 17.6%

In fact, the subtitle is more descriptive: "In which a G-Suite user navigates the upside-down world of Exchange, 365, and SharePoint." It's a fascinating glimpse into how horrifyingly complex, even irrational, the Microsoft 365 software stack looks to someone who is used to the Gmail way of handling such business communications: groupware, as it was called in the ancient times. Email, user accounts, file sharing, and so on.