Shares of Microsoft have jumped over 5.5% higher in after hours trade to post a new all-time high of $60.60 on strong earnings results.
The software giant posted adjusted earnings of 76 cents per share on revenue of $22.33 billion, which eclipsed analysts’ forecasts of 68 cents per share on revenue of $21.71 billion. The $22.33 billion in adjusted revenue is 2.3% higher than the same period in 2015.
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Microsoft’s major intelligent cloud division, Azure, brought in $6.38 billion which underscores the firm’s ability to become a major beneficiary of the commercial shift to cloud and digital storage.
