Microsoft is out with its earnings and beat on the top and bottom lines:

  • EPS$2.94 versus $2.82 estimate
  • Revenues of $61.869 versus $60.82 billion estimate

other details:

  • productivity and business processes $19.57 billion versus $19.54 billion estimate
  • intelligent cloud $26.7 billion versus expected $26.25 billion
  • more personal computing $15.58 billion was expected $15.07 billion expected

Microsoft shares are trading higher by $21 or 5.5% in after-hours trading