Microsoft net income jumps 32% to $36.6 billion as Azure grows 48%

Microsoft reported a 32% rise in net income to $36.6 billion for the July-September quarter, days after offering voluntary buyouts to about 60,000 employees, more than a quarter of its global workforce. Revenue grew 19% to $92.3 billion, driven by Microsoft Cloud revenue up 30% to $63.9 billion and Azure growth of 48%. The buyout offer applies to eligible staff in the US, Canada, UK, and India, with decisions due by early December. Capital expenditure reached $45.2 billion in the quarter, with over $50 billion expected next quarter. The Devices and Consumer segment fell 3%, while adjusted net income rose 18% excluding OpenAI investments.