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You might not think so, given the banality of the company's ubiquitous products: Windows, Office, Hotmail, Exchange Server, Active Directory. The days are long past when this kind of software could light up anyone's imagination, except maybe an accountant's.
But Microsoft has an innovative side that's still capable of producing surprises. In fact, Microsoft spends more than $9 billion a year, and employs tens of thousands of people in research and development alone. While most of that goes toward coding the next versions of the company's major products, a lot gets funneled into pure research and cutting-edge engineering.