The stock of Microsoft had seen a movement of 4% higher on Wednesday in extended trading after the announcement of the company of the second quarter results which were much stronger than the expectations and the guidance of revenue for the coming quarter.
In the year-on-year basis, the revenue of Microsoft had risen by 14% in this quarter that had ended on the 31st of December as per a statement. The shares of Microsoft have been seeing a constant growth and they have jumped by 63% in the last year as it has been boosted by the growth in the business of Azure public cloud as well as the productivity suite of Office 365. Before the earnings report in the second quarter the analysts had called for a strength continuously at Azure which is next only to the Amazon Web Services when it comes to the cloud infrastructure although the growth has been slower.
Azure growth in the quarter had come to just 62% which was a deceleration form the level of 76% one year ago however it did beat the estimate of the analysts from Goldman Sachs who had predicted the growth to be at a level of 58% and the acceleration from the last quarter. The company has not disclosed the revenue in Dollar terms.
The analysts have said that their partner conversations have emphasized that the momentum of Azure is making the company outpace the growth of the market as a whole. The partners cemented in the quarter and they have seen the investments increase at a significant level and see a good sales level too with adoption as well as usage.