Microsoft's Decade-Long Growth Streak Continues Unabated
A long-term investor has revealed that they wouldn't sell a single share of Microsoft (MSFT) even after holding it for over 10 years.
The company's shift from a PC-centric software business to one built on cloud, subscriptions, enterprise software, and artificial intelligence has strengthened its original reason for investment.
Microsoft's revenue has grown dramatically since fiscal 2016, reaching $331.8 billion in fiscal 2026, with Azure alone passing $100 billion in annual revenue.
The company's growth is driven by its ability to deepen existing relationships with customers by adding more products and services, giving it several paths to continue growing.
Artificial intelligence gives Microsoft another opportunity to build on this advantage, but capturing the demand for AI takes extraordinary capital expenditure.
Microsoft spent $115.9 billion on property and equipment in fiscal 2026, up 80% from the prior year, while operating cash flow rose 34% to $182.9 billion.