2023-01-24 15:25:36
After explosive growth in cloud sector which was fueled by remote work and education during the pandemic, cloud demand is seen plummeting down in recent months. According to analysts, sales growth may slow further.
Many businesses are trying to stall their move to the cloud or requesting price reductions on their current plans, according to RBC Capital Markets analyst Rishi Jaluria.
Last week, Satya Nadella, the CEO of Microsoft, said that companies were being cautious as some regions of the world are currently experiencing a recession. In contrast, other regions are bracing for one.
Microsoft has suffered from a decline in the personal computer market, where its Windows software is still dominant. Amazon is also experiencing pressure from the declining trend in retail demand.
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https://www.businesstoday.in/latest/corporate/story/microsoft-amazon-results-to-highlight-softening-cloud-business-367249-2023-01-24
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