Microsoft reports earnings beat as Azure revenue climbs 40%
1. Microsoft's Q1 revenue surpassed expectations at $77.67 billion. 2. Azure revenue surged 40%, highlighting strong cloud growth. 3. Earnings per share reached $4.13, exceeding $3.67 expected. 4. Net income increased to $27.7 billion compared to $24.67 billion last year. 5. Stock slipped in extended trading despite strong earnings report.