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.
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APRIL 26, 2022 / 9:30PM, MSFT.OQ - Q3 2022 Microsoft Corp Earnings Call
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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