Microsoft posts $36.6bn profit as shares rise after earnings

Briefing by News4U · First published

Microsoft reported $36.6bn profit and $92.3bn revenue for the quarter ending September, with shares rising nearly 2.9% after hours.

Microsoft reported a $36.6bn profit and $92.3bn revenue for the three months ending September, driven by cloud growth, with shares rising nearly 2.9% after hours. [1] [2]

The company offered voluntary buyouts to about 60,000 workers, or one in four, to cut costs while investing heavily in AI infrastructure. [2]

CEO Satya Nadella said the firm is delivering greater capability, choice, control and cost efficiency for customers across its stack. [2]

Sources

  1. The major reason Microsoft’s stock is heading higher after earnings

    MarketWatch · · Summary only

  2. Microsoft posts $36.6bn profit after offering buyouts to one in four workers

    BBC Business · · Full text

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