Microsoft announced a profit of over $36.6 billion for the quarter ending in September, coinciding with its decision to offer buyouts to approximately 60,000 employees as part of cost-cutting measures. The company is focusing on significant investments in artificial intelligence, despite uncertainties regarding the return on such expenditures.
The tech giant's quarterly revenue reached $92.3 billion, largely fueled by growth in its cloud computing sector. Following the announcement, Microsoft shares saw a nearly 2.9% increase in after-hours trading.