Satya Nadella, Microsoft’s chief executive, said on Tuesday (March 24) that the hardware supply chain had been brought back into line as the outbreak of new coronaviruses in Asia eased, but the main question was whether demand in the US and Europe could be sustained.
Since taking over from Steve Ballmer in 2014, Nadella, Microsoft’s third chief executive, has restructured the company more into a cloud services and infrastructure provider than on PC software such as Windows and Office. The company said last month that it could not meet revenue forecasts for its Windows-inclusive business unit in the current quarter. Still, the company stuck with it.
“We have a good balance sheet and our business is very diversified, even better than when we were in the financial crisis last time,” Mr Nadella said. Frankly speaking, I am confident that I will get out of trouble. “
He said the company’s cloud infrastructure and services have been stagnant amid rising demand.
Microsoft has instructed people to stay at home as much as possible, earlier than Washington and other states. Nadella said Microsoft will follow local public health guidelines in every country in which it operates before reworking.
He added that it would support any form of fiscal stimulus the U.S. government might take to help people recover from the outbreak.