Microsoft reported financial results for the September quarter that surpassed market expectations, leading to a five percent increase in its share price. The technology corporation achieved total revenue of US$92.3 billion and profits exceeding US$36.6 billion, outperforming analyst projections of US$90.6 billion and US$35.1 billion respectively. CEO Satya Nadella attributed this performance to the company's comprehensive technology stack, highlighting the Azure cloud computing division, which experienced a 48 percent growth rate. This positive financial update follows the company's recent decision to offer voluntary buyout packages to approximately 60,000 staff members, representing about 25 percent of its global workforce, as the firm reallocates resources toward significant investments in artificial intelligence development.
Source : Malay Mail
Photo : Malay Mail
