Microsoft posts $36.6bn profit after offering buyouts to one in four workers
Summary
Microsoft reported a profit of more than $36.6 billion for the three months ending in September, while revenue rose to $92.3 billion. The results came days after the company announced voluntary buyouts for about 60,000 employees as it invests heavily in artificial intelligence infrastructure.Key Facts
- Microsoft's profit for the quarter ending in September exceeded $36.6 billion.
- Quarterly revenue rose to $92.3 billion.
- Microsoft plans to offer voluntary buyouts to about 60,000 employees.
- The company is investing heavily in infrastructure for artificial intelligence.
- Microsoft said strong growth in its cloud computing business helped drive revenue.
- Microsoft shares rose nearly 2.9% in after-hours trading on Wednesday.
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