Microsoft earnings beat estimates, Azure revenue jumps 40%

Breakdown

• Microsoft's earnings per share were $4.13, surpassing the expected $3.67. 6s
• Revenue reached $77.67 billion, beating the forecast of $75.33 billion. 13s
• Azure cloud revenue grew 40% year over year, exceeding the expected 38.2%. 21s
• Despite the strong results, Microsoft shares dropped about 4.5% in after-hours trading. 26s
• The Intelligent Cloud segment slightly missed expectations, reporting $30.9 billion versus the expected $30.25 billion. 41s