As Microsoft plans to build more data centers around the world, the CEO of the company says he is bullish about Asia, particularly China and India.
It's absolutely true. Microsoft is investing in at least 11 regions in Asia, according to the company's chairman and CEO.
We are committed to all of these countries and China as well. Multinational companies that operate in China and Multinational companies out of China are supported by us today.
After emerging from the Pandemic, India has been a massive growth market according to him.
Multinational companies were the majority of Microsoft's presence in India. He said that it has changed for now.
He said that artificial intelligence cloud technology is being used by companies in India to create services that are popular in India and other countries.
There is a huge demand for native cloud applications in India, according to Microsoft.
Less than 1% of Microsoft's employees were laid off in October.
The CEO was asked if there would be more job cuts as growth continues to slow.
Tech giants in the U.S. have been laying off workers on a large scale, but Nadella remained optimistic about the labor market there.
The social media giant cut half of its workforce last month after Musk took control of the company.
Most companies from energy firms to banks and retailers need software engineers, according to Microsoft's CEO.
No industry is impervious to macroeconomic issues. Everyone has to manage the costs.
He said that one of the fascinating things about the U.S. is the amount of capital that is being invested.
I'm more focused on observing where the new growth is happening in the US. I am very optimistic about the U.S.
Steve Ballmer was ousted as Microsoft CEO. Before that, he was the executive vice-president of Microsoft.
After hours, Microsoft shares were at $241.73 Year-to-date, shares have plummeted.
The story is evolving. You can check back for the latest news.