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. The report came just months after Microsoft offered a similar buyout plan to retirement-age employees, which ended up cutting the company’s headcount by about 2,600 people. Despite that buyout, a layoff of about 4,800 people followed, aka roughly 2% of its workforce.

The company’s cost guidance for the next year includes an estimate for how much money they expect to save from the buyout, Microsoft CFO Hood said on the call.

Microsoft’s capital expenditures are gradually increasing quarter by quarter. 5 billion, mostly on AI, and the number spooked investors, who were desperate to see the huge spending commitments offset by revenue. 2 billion, with roughly three quarters of that money spent on CPUs and GPUs, according to Hood.

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