Key facts
- Microsoft's profit for the three months to the end of September was $36.6 billion.
- Quarterly revenue rose to $92.3 billion.
- Voluntary buyouts will be offered to around 60,000 workers.
Microsoft reported a profit of $36.6 billion for the three months ending September, a significant increase driven by its cloud computing business. The tech giant is continuing to invest heavily in artificial intelligence infrastructure. The company announced plans to offer voluntary buyouts to around 60,000 workers to cut costs as it pours billions into AI. Microsoft shares rose by almost 2.9% in after-hours trading in New York on Wednesday.