A Microsoftit is the second most valuable company in the United States, but it has a very pessimistic quarterly outlook. The future is set to be turbulent for the industry, according to analysts, who noted that shoppers are a little leery of spending during the current economy.
With the presentation of a cautious quarterly balance sheet, the company justified the sharp drop in customer spending in due to the turbulent moment in the economy, which led to several layoffs in the technology industry across the world.
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The future for the industry is likely to be “bleak,” according to Wedbush analyst Dan Ives, who said the following: “Microsoft is the biggest driver of enterprise and cloud spending in the world. Nadella's comments about the downturn in the cloud are not surprising… It confirms that a darker macro (scenario) is on the horizon”.
Recently, in a teleconference that lasted approximately one hour, the company's CEO, Satya Nadella, and other executives of the giant
technology did not skimp on the use of the words “caution” and “caution”, which were used at least six times during the meeting.Despite the pessimistic scenario, the president said that Microsoft's efforts are focused on artificial intelligence (AI) technology, considering this will be the next big wave in the computation. The measures can be seen with the huge investments made by Microsoft in OpenAI, which is the company behind the burst ChatGPT, one chatbot which has been very successful on the networks.
However, according to a forecast made by the company, regarding the cloud business smart, the growth rate is below the estimates made by analysts, reaching the maximum of 19%. But estimated revenue was higher than expected in the second quarter for this industry.
Finally, the other companies in the technology area are already adopting preparatory measures for months difficulties that will come, including carrying out mass layoffs, seeking to keep cash reserves well nourished.
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