Microsoft reports a huge quarter that blew away expectations, and the stock goes nowhere (MSFT)
Microsoft beat analyst estimates in fiscal first-quarter earnings, reporting earnings of $1.38 per share on revenue of $33.1 billion.
Microsoft's closely watched Azure cloud computing business reported 59 percent revenue growth.
Office 365 Commercial surpassed 200 million monthly active users.
Despite strong results, Microsoft stock was down less than 1 percent to around $135 per share in after-hours trading immediately following the earnings release.
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