Microsoft delivered a solid fiscal first quarter as it continued to gain traction with its Azure services, as the company said its commercial cloud revenue run rate tops $13 billion.
Commercial cloud revenue rolls up all of Microsoft's enterprise services such as Dynamics, Azure, and Office 365.
The enterprise software giant reported first quarter earnings of $4.7 billion, or 60 cents a share, on revenue of $20.5 billion. Non-GAAP results were 76 cents a share on revenue of $22.3 billion for the first quarter.
Microsoft was expected to report first quarter earnings of 68 cents a share on revenue of $21.71 billion, according to Wall Street estimates. The company added that it expects its LinkedIn purchase to close in its fiscal second quarter and it will reside in the productivity and business process unit.
The results for the quarter were driven by intelligent cloud revenue, which was up 8 percent from a year ago. That division counts server products as well as cloud services revenue.
Among the key items on cloud:
On the Windows 10 front, there were a few interesting developments. Consider: