Microsoft CEO Satya Nadella said the bigger concern is demand in developed markets, and he said he would favor economic stimulus from the U.S. government.
Satya Nadella suggested Microsoft is in a better financial position than it was in the previous recession.Satya Nadella, CEO of MicrosoftCEO Satya Nadella said Tuesday that the hardware supply chain is coming back online as the coronavirus outbreak eases up in Asia, but said that the big question would be whether demand holds up in the U.S. and Europe.
"On the supply side we are getting back on rails," Nadella told CNBC's Jon Fortt when asked about whether Microsoft would be able to deliver later this year certain products it had promised before COVID-19 took hold, like new Surface devices and a revamped Xbox gaming console. Nadella, Microsoft's third CEO, has recast the company more as a cloud services and infrastructure provider, moving away from its historical focus on PC software like Windows and Office, since he took over from Steve Ballmer in 2014. The company has still been financially hit from the disease:
it wouldn't be able to reach its revenue guidance range for the quarter for the division of the business that contains Windows. Several other companies have followed in taking down guidance."We have a great balance sheet, we are a very diverse business, we have a mix of annuity, non-annuity, that is also stronger than even the last time we even went into the financial crisis," he said. "I feel confident we'll come out of this, frankly, pretty strong.".
"If this was a previous generation of data center architectures or software architectures, I don't think we would have been able to deal with this crisis as effectively as we have been able to," Nadella said.
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