Microsoft - why talk about 60,000 redundancies when profits just passed the $36.6 billion mark?
Timing is everything. Days after Microsoft offered voluntary redundancy to 60,000 of its staff, the firm turned in a $36.6 billion profit.
Quarterly revenue rose to $92.3 billion, driven by strong growth in the cloud business. Total Microsoft Cloud revenue was $63.9 billion up 30% year-on-year. Azure business grew 48% to $33.17 billion. This is the first time that the firm has disclosed Azure revenue in dollars, instead of just growth percentages.
Azure growth was broad-based across both enterprises and Small and Medium Business segments, as well as spanning both core cloud services and AI infrastructure, according to CEO Satya Nadella:
We are focused on three things: designing AI to empower people, ensuring every organization has sovereignty over its own learning and building trust with controls that ensure agent safety and security.
The kind of AI deployments being undertaken is evolving, he said:
I was in Europe just last week,...
Copyright of this story solely belongs to diginomica.com. To see the full text click HERE
