Office 365 licenses are reported with traditional Office licenses. It is an entirely separate unit from Cloud revenue. https://www.microsoft.com/en-us/Investor

Office 365 licenses are reported with traditional Office licenses. It is an entirely separate unit from Cloud revenue. https://www.microsoft.com/en-us/Investor/earnings/FY-2018-Q4/press-release-webcast https://www.microsoft.com/en-us/Investor/earnings/FY-2018-Q4...