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
- The major reason Microsoft’s stock is heading higher after earnings
MarketWatch · · Summary only
- Microsoft posts $36.6bn profit after offering buyouts to one in four workers
BBC Business · · Full text