The Guardian
Microsoft quarterly revenue reaches $92.3bn as Azure grows 48%
Microsoft reported quarterly revenue of $92.3 billion and profit of $36.6 billion, exceeding Wall Street expectations. Its Azure cloud computing division grew 48% in the September quarter, helping drive overall growth. The results came days after the company offered voluntary buyouts to about 60,000 employees, and its stock market value rose by billions of dollars after the announcement.
What to know
- 01
Quarterly revenue of $92.3 billion and profit of $36.6 billion both exceeded Wall Street expectations.
- 02
Microsoft offered voluntary buyouts to about 60,000 employees days before releasing its results.
Why it matters
The results highlight Azure’s role in Microsoft’s growth shortly after the company offered voluntary employee buyouts.
AI-assisted brief. Read the source for full details. Editorial & sourcing policy
