Microsoft CEO Satya Nadella sees a weaker global economy as the chance to prove the need of public cloud. Public cloud allows Microsoft customers to control ramping up and ramping down based on demand, he says. Microsoft CEO: “The best way for them to align their spend with what is uncertain demand is to move to the cloud.” Microsoft CEO says public cloud helps businesses offset the risk of demand risk. “Our thesis remains that the cloud and underlying Office 365/Windows ecosystem is going to comprise a bigger and bigger piece of Redmond going forward and will ultimately spur growth and margins (and the multiple) into FY23/FY24,” Wedbush wrote in a report. At least three investment banks reported confidence in Microsoft’s long-term abilities. . . .
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