8/31/2023 0 Comments Amy hood linkedin![]() ![]() According to Gartner’s figures that came out in 2018, Microsoft is now a major player in the cloud-computing market and if a January report by Forbes is to be believed, it is steadily gaining market share against major competitors like Amazon, as per a new survey from Goldman Sachs. Along with Nadella, Hood helped Microsoft progress from its Windows-centric worldview to a cloud-first strategy. In her late 40s, Hood has helped the company transform from a technology vendor to a cloud-computing and software leader. ![]() If CEO Satya Nadella is the face that people identify Microsoft more with, Hood stands no less tall a figure. However, despite this news, one cannot ignore the fact that Hood has played a key role in effecting one of the most brilliant transformations in the history of business. Sales of Xbox gaming consoles rose 14 percent.“My kids will tell you I practice counting, but my job is really a little different than that.” - Amy Hood in 2018Īmy Hood, the chief financial officer (CFO) at Microsoft Organization, came into the headlines recently after selling 80,000 shares of the company’s stock indicating that she could also be worried about a tech pullback seeing a decline by Microsoft’s shares. ![]() Microsoft’s personal computing business grew 11 percent to $14.5 billion, with an 11 percent increase in sales of its Windows operating system that comes installed on new computers, a sign that inflation has not hurt purchasing, particularly by corporate customers. The strong dollar hurt its business, reducing revenue by about $300 million, more than the company had expected. Bank of America, for example, recently wrote that in checking with Microsoft’s partners, it had “not noted any war-prompted spending slowdown across Europe more broadly.” ![]() Russia accounts for less than 1 percent of Microsoft’s revenue, Amy Hood, the company’s finance chief, said in March, and the ripple effect that some analysts initially feared when Russia invaded Ukraine did not appear to materialize. The sales were to a “broad” base of customers across industries and sizes, Brett Iversen, the head of investor relations, said in an interview, adding that customers signed many large, long-term contracts. Revenue for Microsoft’s cloud offerings for commercial customers, which include its flagship Azure cloud computing platform and Office 365 subscriptions, increased 32 percent to $23.4 billion.Īzure grew 46 percent. ![]()
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