Microsoft posts $36 bn profit, record revenue days after offering buyouts to 60,000 employees
Microsoft reported $36.6 billion in profit and $92.3 billion in revenue for the September quarter. The company's growth was driven by its Azure cloud computing division, which grew by 48% in the quarter. The earnings report came days after Microsoft offered voluntary exits to around 60,000 employees, or more than 25% of its workforce.