Microsoft's 'enigma of success' grows ever higher with $27 billion in revenue after laying off 9,000 people

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Guillotines may be in order.

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(Image credit: Microsoft)

In spite of (or perhaps more accurately because of) recent mass layoffs at Microsoft, the company is now valued at $4 trillion, only the second company to hit that valuation on the stock market after Nvidia.

As we enter the dog days of summer, many companies are reporting their earnings for the previous quarter. Microsoft is among them and according to its latest earnings call, the tech giant hauled in a Scrooge McDuck-esque $27.2 billion in net income, up 24% from the same period last year.

According to the financials revenue was up for Microsoft across the board, including in its Xbox, Windows, Microsoft 365 and LinkedIn divisions—just not as much as Azure cloud and AI.

Now, investors who don't even work for the company are reaping the profits as Microsoft's AI bet appears to have paid off financially—at least in the short term.

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Scott Younker
Scott Younker
West Coast Reporter

Scott Younker is the West Coast Reporter at Tom’s Guide. He covers all the lastest tech news. He’s been involved in tech since 2011 at various outlets and is on an ongoing hunt to build the easiest to use home media system. When not writing about the latest devices, you are more than welcome to discuss board games or disc golf with him. He also handles all the Connections coverage on Tom's Guide and has been playing the addictive NYT game since it released.

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