Microsoft stock jumps 4% as cloud growth drives earnings and revenue beat

What happened: Microsoft reported better-than-expected earnings and revenue, driven by 48% growth in Azure revenue. The stock jumped 4%. Key numbers: Azure revenue growth 48%. Stock up 4%. Why it matters: The results show cloud growth driving the company's earnings and revenue beat, and investors responded by pushing the stock higher. Coverage: 6 outlets in 24h

Microsoft reported better-than-expected earnings and revenue, driven by 48% growth in Azure revenue. The stock jumped 4%.

The results show cloud growth driving the company's earnings and revenue beat, and investors responded by pushing the stock higher.