(Reuters) – Microsoft Corp beat Wall Street’s estimates for third-quarter revenue on Tuesday, driven by growth in its cloud computing and Office productivity software businesses.
Shares of the Redmond, Washington-based company gained 4% in after-market trading.
The company’s revenue rose 7% to $52.9 billion in the quarter ended March, inching past the average analyst estimate of $51.02 billion, according to Refinitiv.
Microsoft said growth at its cloud business Azure was 27% in the latest reported quarter. Analysts were expecting growth of 26.6%, according to the consensus from 23 analysts polled by Visible Alpha.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel)
