Microsoft is offering buyouts to about a quarter of its workforce. In an internal memo, Microsoft's finance boss said the company expects "very few people" to accept.
The company's cloud business continued to post accelerating growth in the most recent quarter, contributing to a higher profit and easing jitters over potential returns from the AI build-out.
Microsoft surpassed expectations for quarterly cloud revenue on Wednesday, signaling that its hefty AI investments were paying off at a time Wall Street grows increasingly wary of Big Tech's debt-fueled spending.
REDMOND, Wash., Oct. 28, 2026 /PRNewswire/ -- Microsoft Corp. on Wednesday announced that fiscal year 2027 first-quarter financial results are available on its Investor Relations website.
Microsoft shares rose 5% in extended trading on Wednesday after the software maker reported fiscal first-quarter results that came in stronger than analysts had expected.