Microsoft is ‘deeply’ focused on driving LinkedIn revenue — not necessarily the bottom line, CFO says – CNBC
Despite her dedication to scaling LinkedIn, Hood said that Microsoft employees would probably say she’s “cheap” when it comes to allocating cash. Hood said she focuses on return on investment, and she will shake down the couch cushions to invest in initiatives that drive revenue growth.
“If you ask anybody at Microsoft, could they spend more money, all of them would say yes,” Hood said. “They should say that! They should say, ‘Yes, I have so many terrific innovative, interesting, awesomely, impactful ideas, that you have to get me more money.’ I love that, I love that energy, and I listen to some really fascinating arguments ….then my job is to take those dollars, every one of them, and ask myself if we’re putting it in the right place.”
In her wide-ranging talk, Hood also discussed Microsoft’s cloud business and tax plans.
“I think the IBM cloud gets a lot of mention with very large customers, you see that those in the press,” Hood said.
Hood also said that while Microsoft has long advocated for structured tax reform, CEO Satya Nadella is still waiting and watching to see exactly what new administration will propose.
“I know we’ve not been a company to until to wait on tax reform to return capital,” Hood said. “It’s not been a reason to wait for the board or for Satya, who cares deeply about the topic.”