Strong Dollar Slows Growth for Microsoft

The transcript discusses the impact of foreign exchange (FX) on market conditions, highlighting a significant headwind for Microsoft. It emphasizes the importance of guidance and key numbers in assessing company performance. The discussion also covers the effects of FX on business and consumer sentiment, with a focus on the cloud business's performance and potential rebound. Finally, it addresses Microsoft's margins and cost management strategies, noting potential vulnerabilities due to wage inflation and cost pressures.

What challenges does the cloud business face during economic slowdowns?

In what ways might wage inflation impact the company's margins?