Microsoft reports $36.6bn quarterly profit days after offering 60,000 buyouts
Microsoft reported $92.3bn in revenue and $36.6bn in profit for the September quarter, beating expectations, days after offering buyouts to about 60,000 employees.
Microsoft reported $92.3bn in revenue and $36.6bn in profit for the September quarter. The Guardian says both beat Wall Street expectations.
The company's Azure cloud computing division grew 48% in the quarter, according to the Guardian. The report says that growth drove the results.
Microsoft gained billions of dollars in stock market value on Wednesday afternoon after the results, the Guardian reports.
The results came days after Microsoft offered voluntary buyouts to about 60,000 employees. The BBC says the company is trying to curb costs and describes the offer as going to one in four workers.
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- The GuardianMicrosoft posts $92.3bn in quarterly revenue after offering buyouts to 60,000 employeesWed, Oct 28, 6:44 PM EDT
- BBC NewsMicrosoft posts $36.6bn profit after offering buyouts to one in four workersWed, Oct 28, 8:36 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.