Cloud News
Microsoft’s Nadella: Public Cloud Will Be ‘The Big Winner’ In Down Economy
Wade Tyler Millward
‘The big winner in all of this will be public cloud because public cloud helps businesses offset the risk of demand risk,’ Microsoft CEO Satya Nadella says.
Microsoft In ‘Changing Economic Times’
I want to outline the principles that are guiding us through these changing economic times. First, we will invest behind categories that will drive the long term secular trend where digital technology as a percentage of world‘s GDP (gross domestic product) will continue to increase.
Second, we‘ll prioritize helping our customers get the most value out of the digital spend so that they can do more with less. And finally, we will be disciplined in managing our cost structure.
With that context, this quarter, the Microsoft Cloud again exceeded $25 billion in quarterly revenue, up 24 percent and 31 percent in constant currency.
And based on current trends continuing, we expect our broader commercial business to grow at around 20 percent in constant currency this fiscal year as we manage through the cyclical trends affecting our consumer business. … Moving to the cloud is the best way for organizations to do more with less today. It helps them align their spend with demand and mitigate risk around increasing energy costs and supply chain constraints.
We‘re also seeing more customers turn to us to build and innovate with infrastructure they already have. … We now have more than 8,500 (Azure) Arc customers, more than double the number a year ago. … We are the only cloud provider with direct and secure access to Oracle databases running in Oracle Cloud Infrastructure, making it possible for companies like FedEx, GE and Marriott to use capabilities from both companies.
And with Azure confidential computing, we‘re enabling companies in highly regulated industries, including RBC (Royal Bank of Canada) to bring their most sensitive applications to the cloud.
