After reporting Q3 results that exceeded expectations, Microsoft Chief Executive Officer Satya Nadella is high on his company’s “growth engines,” such as Teams Rooms, Teams Phones, and Microsoft Viva. Teams, along with Microsoft 365, are currently some of the most popular and widely-used business software on the market. Additionally, Azure and other cloud services have continued to grow by nearly 50% year-over-year, and Nadella is confident that the firm’s growth will be further fueled by its ability to enable digital transformations.
Nadella is also sure that digital transformations and software innovations will help companies withstand economic fluctuations, including inflation and a potential recession. During the earnings call, the CEO emphasized the impact he expects from the growth engines, which are designed to support the new demands of hybrid work.
Microsoft reported total quarterly revenue growth of 18% year-over-year, reaching $9.4 billion, with the company’s cloud services and Office 365 services leading the way.