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Microsoft's CEO Satya Nadella lays out what's next for his company




  • Microsoft CEO Satya Nadella revealed the technologies the company plans to invest in going forward.
  • The company will continue to promote its apps and infrastructure business, prioritize growth in data and AI, as well as compete in new areas where Nadella said he looks at long-term growth opportunities such as security and compliance and workflow cloud.
  • CFO Amy Hood revealed during the call that the company's Azure cloud computing business had "material growth" in $ 10 million plus contracts.
  • Nadella said that Azure AI now has 20,000 customers, and more than 85 percent of Fortune 1[ads1]00 companies have used Azure AI for the past 12 months.
  • Hood, Microsoft's Chief Financial Officer, said that the company has put together a multi-year plan to invest in areas including security, compliance, communications, workflow and reinvention of business processes.
  • Microsoft is valued at more than $ 1 trillion.
  • Click here for more BI Prime stories

Microsoft is one of the few companies in history to fetch a billion dollar value. But Satya Nadella, CEO who led Microsoft to this astronomical milestone, says he sees many opportunities for new ways to grow the business.

"What's next?" he said on an investor call after Microsoft reported tax revenue in the first quarter Wednesday, "The next thing for us is in the apps and infrastructure (the structure) to go the first round for the second round. For data and (artificial intelligence) , to start the first round. "

Microsoft, once known primarily as the software manufacturer on people's desktops and laptops, is now competing against a much wider range of enemies in cutting-edge businesses such as artificial intelligence and cyber security.

Growth in Microsoft's Azure cloud business continues to drive strong financial performance for Microsoft, and it is a key strategic area for the company when it competes with the city's giant Amazon and the market-leading AWS cloud business.

Azure AI now has 20,000 customers and more than 85 percent of Fortune 100 companies have used Azure AI for the past 12 months, Nadella said. "The essential feature of any application going forward will be AI, and we have the most comprehensive portfolio of AI tools, infrastructure and services," he said.

Total commercial cloud operations, which include Azure plus Office 365 and other cloud services, increased 36 percent the year before to $ 11.6 billion in the quarter. And CFO Amy Hood said during the call that the company's Azure cloud computing business had "material growth" in $ 10 million plus contracts, even though she stopped sharing no further details.

But Nadella seemed most excited about new areas of focus that he sees as long-term growth opportunities.

"We built something that didn't even exist a few years ago"

"In terms of security and compliance, we've never participated in this. Guess what? We get to participate in a fairly competitive way now," he said. "We built something that didn't even exist a few years ago, which is the workflow cloud. It's a huge opportunity for us."

The workflow cloud is an apparent reference to Microsoft Flow, which helps customers automate tasks by combining applications.

Nadella said that the company has a "very competitive and growing footprint" in business applications, "even when you think of something like Microsoft 365, we never participated despite our previous success with all the first-line work and now we can't participate in it , "he said.

Hood, Microsoft's chief financial officer, said that the company has set up a multi-year plan to invest in areas that include security, compliance, communications, workflow and reinvention of business processes.

"For us, it has been so important to be focused on where growth and opportunity exist and to invest in the areas that are large, expansive and sustainable," she said.

Microsoft reported $ 10.7 billion in revenue on revenue of $ 33.1 billion in its fiscal first quarter on Wednesday, Wall Street estimated. Despite strong results, the Microsoft stock remained largely unchanged in afternoon trading, hovering around $ 137 per share at this time.



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