Microsoft posts $92.3bn quarterly revenue after offering buyouts to 60,000 employees

Software giant reports $36.6bn in profit, beating Wall Street expectations, as Azure cloud computing division grows 48%

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.