By Guardian staff reporter
Publication Date: 2026-10-28 22:44:00
Microsoft gained billions of dollars in stock market value Wednesday afternoon after it reported better than expected revenue and profit, just days after it offered voluntary buyouts to some 60,000 employees.
The office software giant’s growth was fueled by its Azure cloud computing division, which grew by 48% in the September quarter.
“We are delivering greater capability, choice, control, and cost-efficiency for customers across our entire stack,” Microsoft chief executive Satya Nadella said in a statement.
The technology giant recorded $92.3bn in total revenue and more than $36.6bn in profit, the company said in a securities filing Wednesday. Analysts had expected around $90.6bn in revenue and $35.1bn in profit, according to FactSet.
The quarterly earnings report comes two days after Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, as the tech giant spends heavily on artificial intelligence investments.
It’s the second…
