Microsoft earnings top estimates, but stock falls as investors await forecast

Microsoft Corp. easily topped profit and revenue expectations for its latest quarter, though its shares were moving lower in after-hours trading.

Revenue for Microsoft MSFT, +1.70% climbed to $56.2 billion from $51.9 billion, whereas analysts had been expecting $55.5 billion. The company said revenue for Azure and other cloud services was up 26%, or 27% in constant currency. Microsoft’s forecast had been for 26% to 27% in constant-currency Azure sales growth, while the company posted 31% constant-currency growth on the metric in the March period. The FactSet consensus was for 27% growth in constant currency.

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