Microsoft's CEO and CFO explained all the ways that the pandemic has affected the $1.3 trillion tech titan's business — and how it could change things going forward
, despite the international public health crisis caused by the coronavirus.
Microsoft also plans to increase spending on expanding its cloud infrastructure, which will help the company solveMicrosoft's business selling products to companies was expected to get a big boost as the coronavirus crisis forced a sudden shift to remote work, but a recent earnings report revealed even its consumer business benefitted despite challenges to the company's supply chain.
Microsoft in its earnings report detailed the ways the coronavirus crisis has impacted the company so far — specifically, how it had a "minimal impact," in the company's words — and Nadella and Microsoft Chief Financial Officer Amy Hood explained on the call how it expects to fare in the future.
"If you step back and ask yourself, say, two years from now, 'Is there going to be more being done in the public cloud or hybrid cloud or less?'" Nadella said. "The answer is more, just because it is more efficient, it is the only way for you to have even the business continuity required in times like this.
Meanwhile, Microsoft's LinkedIn professional social network subsidiary faced challenges related to the economic crisis caused by the pandemic. There was "significant reduction" in advertsing spending for LinkedIn and Microsoft's search business, Hood said.
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