Satya Nadella, chief executive officer of Microsoft Corp., during the company’s Ignite Spotlight event in Seoul, South Korea, on Tuesday, November 15, 2022. Nadella delivered a keynote speech at an event hosted by Korean unit of the organization company. Photographer: SeongJoon Cho/Bloomberg via Getty Images
SeongJoonCho | Bloomberg | beautiful pictures
CEO of Microsoft said he is optimistic about Asia, especially China and India, as Microsoft plans to build more data centers around the world.
Satya Nadella, President and CEO of Microsoft, told CNBC’s Tanvir Gill in an interview on Thursday: “Certainly. We’re very optimistic about what’s going on in Asia.” Time adds that Microsoft is investing in at least 11 regions.
“We are fully committed to all of these countries and also to China. Today, we mainly work to support multinational companies operating in China and multinational companies. outside of China.”
He also added that India has become a “huge bull market” after coming out of the pandemic.
“Microsoft’s presence in India is mainly about multinational companies operating in India. But now it has completely changed,” he said.
“The opposite is that companies that are innovating in India, whether it is large corporations or startups, are using [artificial intelligence] Cloud technology to be able to innovate and create services is clearly popular in India and elsewhere,” he told CNBC.
Microsoft previously told Indian media outlet Economic Times that there is a huge need in developing new native cloud applications in India.
technology layoffs
Like US tech giants face mass layoffsNadella said he is optimistic about the labor market there.
Microsoft in October announced a round of layoffs affecting less than 1% of its employees. Meanwhile, Meta is cutting 11,000 workers, and Snap is laying off more than 1,000.
“The current labor markets are much more flexible,” said Nadella, adding that most companies from energy companies to banks and retailers need software engineers.
He added that no industry is immune to macroeconomic issues. “So people have to manage costs and demand properly,” he said.
“One of the fascinating things about the United States is the amount of capital that is being invested,” he said, adding that new industrial infrastructure such as manufacturing plants, power plants and battery factories is growing. built.
“I’m more focused on seeing what’s happening to new growth inside the US. So I’m very, very optimistic about the US and the world.”
Nadella replaced billionaire Steve Ballmer as Microsoft CEO in 2014. Before that, Nadella was executive vice president of Microsoft’s enterprise and cloud group.
Shares of Microsoft were at $241.73 in after-hours trading. Shares are down 27.8% year-to-date.
– This is an evolving story. Please check back for updates.
