Despite market concerns that businesses may cut back on technology spending in the face of an economic downturn, Microsoft executives said they were bullish on the future as more corporate customers moved to the cloud. “I see long-term, secular growth opportunities,” Satya Nadella, Microsoft’s chief executive, said in a call with Wall Street analysts. Microsoft’s cloud products are getting betterMicrosoft’s offerings used to lag far behind Amazon’s. But as Mr. Nadella has thrown his company’s weight behind a transition to cloud computing, Microsoft has been catching up on the product front. In three years, though, they expect the advantages to Amazon and Microsoft to be about equal, they said.

Source: New York Times October 23, 2019 20:26 UTC