Microsoft’s quarterly profit tops $36.6bn as cloud revenue grows
Microsoft reported profit of more than $36.6bn for the three months to the end of September, alongside revenue growth driven by its cloud business. The results matter to investors assessing whether the company’s heavy investment in artificial intelligence can deliver lasting returns.
Days earlier, Microsoft said it would offer voluntary buyouts to about 60,000 workers, as it seeks to cut costs while spending billions on AI infrastructure. Quarterly revenue rose to $92.3bn, and the company’s shares gained almost 2.9% in after-hours trading after the results were announced.
In short
- Microsoft made more than $36.6bn in quarterly profit.
- Revenue rose to $92.3bn, led by cloud growth.
- The company offered buyouts to about 60,000 workers.
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Originally published by BBC Technology as “Microsoft posts $36.6bn profit after offering buyouts to one in four workers”.