- Earlier this week in an interview with CNBC, Microsoft CEO Satya Nadella pointed out that the company’s hardware supply chain is getting back online
Earlier this week in an interview with CNBC, Microsoft CEO Satya Nadella pointed out that the company’s hardware supply chain is getting back online. The reason why the hardware supply chain is stabilizing is due to the decline in the coronavirus outbreak in Asia.
“On the supply side we are getting back on rails,” said Nadella via CNBC in a Q&A session with Jon Fortt when asked whether Microsoft would be able to deliver hardware products later this year.
However, Microsoft will still take a financial hit due to the COVID-19 outbreak. Last month, the company said it would not be able to achieve its revenue guidance range for the quarter for its division that oversees Windows sales.
“We have a great balance sheet, we are a very diverse business, we have a mix of annuity, non-annuity, that is also stronger than even the last time we even went into the financial crisis,” added Nadella. “I feel confident we’ll come out of this, frankly, pretty strong.”
Microsoft’s cloud infrastructure and services have still been solid.
“If this was a previous generation of data center architectures or software architectures, I don’t think we would have been able to deal with this crisis as effectively as we have been able to,” Nadella explained.
Microsoft co-founder Bill Gates stepped down from the company board of directors earlier this month in order to focus on philanthropic initiatives. However, Gates still said he would be an advisor to the company.
Nadella also said that Microsoft would follow public-health guidance in every country in deciding when to bring employees back to facilities. And he supports fiscal stimulus from the U.S. government.
“I think the government is doing the right thing, which is, they’re focused on the employees who are most impacted and the industries that are most impacted, and small businesses… Because those are the parts of the economy that are bearing the burden of this quarantine and staying at home” Nadella explained.
