Wall Street was expecting Microsoft to report fiscal first quarter earnings of $1.25 a share on revenue of $32.23 billion.
Going into the quarter, analysts were expecting strong execution with tougher comparisons ahead. There was also a consensus that Microsoft would step up its investments in artificial intelligence, machine learning and the Internet of things. One concern may be that trended Azure growth has been slowing. Microsoft is the No. 2 cloud provider behind Amazon Web Services.