The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst
: Amy, you called out some transactional weakness, which in the March quarter, we can see in the on-prem Office segment and in
your guidance in the server product segment, you suggested we might see it there, too. Is that something that you would characterize
as Microsoft-specific? As you described in your comments, you're transitioning customers off your open license program. Or do you
feel like that's a broader issue where maybe we're starting to see a little bit of a tilt from on-prem to cloud even faster than we've
seen before?
Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst
: Congrats on a spectacular quarter. Satya, very clearly on your comments, and particularly, you talked about tech as a percentage of
GDP doubling over the next 7, 8 years or so. Nobody could have really predicted, maybe besides yourself, that Azure would be this
big and growing this fast at this point in time relative to, say, 5, 6 years back.
So as you look forward, what part of the Microsoft tech stack do you think is underrepresented in the digital world and has, therefore,
more opportunity to gain as you build out your thesis on tech as a percent of GDP doubling?
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