Microsoft just reported record-breaking quarterly revenue of $92.3 billion in its first-quarter earnings report on Wednesday, marking its tenth record-breaking quarter in a row. The revenue figure was up 19% from a year earlier.

With the new fiscal year, Microsoft recently announced that it will be changing how it reports its financial metrics, choosing to divide the results into two segments: the AI-heavy Agents and Infra segment, which includes Azure, and the Devices and Consumer segment, which includes Xbox. Agents and Infra accounted for $76.8 billion in revenue, and in turn was driven by “strong demand across the Microsoft Cloud,” Microsoft chief financial officer Amy Hood said in the company’s earnings call on Wednesday.

Just days before the rosy results and market delight, Microsoft offered buyouts, or “ voluntary exit offers ,” to approximately 60,000 people, equaling roughly 27% of its total workforce.…