$Microsoft(MSFT)$ MSFT makes a lot of profit. They have 4 options (oversimplified) on what to do with that profit.
Pay employees more.
Acquire new businesses or expand their own by entering new markets or investing inside existing business lines.
Dividends to shareholders.
Share buybacks.
Clearly they are focused on the last 2.
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(Alphabet is trying to trigger Europe to investigate Microsoft monopoly the cloud business.)