Microsoft operates in more than 190 countries, and Nadella said the ability to compete in so many places is vital to the company's "overall long-term growth." But you can't just set up shop and give nothing back -- you have to "create local opportunity."
This is especially true in the current age, as politicians and citizens in many countries are turning against the decades-long trend of globalization.
"Every head of state only cares about one thing: it's about their country first," said Nadella. "In the U.S. it's about America first, and in
When talking to these heads of state, a company
"Any company that just collects rent internationally," Nadella added, "will be in trouble."
Microsoft booked more revenue from outside the United States than from within it in each of its last two fiscal years. In the fiscal year ended June 30, 2016, it generated $44.7 billion in international sales, versus $40.6 billion domestically.