Revenue Analysis

Microsoft Corporation's June 30, 2012 10-K Annual Report.

Where are the company's revenues coming from?

How would you interpret this in relation to the company's identified strategy if you were a manager?

What information do you think that you might have access to, as a manager of the firm, that an outsider would not?

Now look at the same information from a stockholder's viewpoint. Keep in mind that as a stockholder, you only have access to public documents and answer these questions:

What is your interpretation of the company's revenues?

Does this make you comfortable with your investment?