Microsoft's shares rose in after-hours trading after it reported earnings that topped Wall Street estimates, helped by growth in its Azure cloud unit.

Microsoft Tops Estimates, Buoyed by Cloud Growth

Let's take a look now of course at some earnings in after the close from Microsoft. We're talking about the importance of this big tech company reporting. I want to bring back cheddar news. Senior reporter Michele Castelli. Oh Michelle. So let's start with the top and bottom line. So Microsoft came in at $2.32 on the adjusted basis. That's a little bit above the the estimate. But again, remember this is on an adjusted basis, revenue was like 52.75 billion of the street was expecting 52.94 billion. But why we're seeing shares pop in the in after hours trading up at one point a little bit above 5% is the fact that Microsoft Azure, which is slowing down in revenue growth, came in at about 31% year over year growth that's slightly above the street account consensus estimate of just a hair below 31%. So the cloud services business still doing pretty well for Microsoft. Overall revenue grew about 2% year over year. That's not great. That's the slowest rate growth since 2016. But again, any positive news is good news for them. Especially considering that they are, they did look at layoffs earlier this month. All right, Michele Castelli a with that update, Michelle, thank you