Tech: LIVE: Microsoft reports a big beat on earnings (MSFT)

Microsoft is reporting earnings after the bell. Join us live.

Microsoft announced quarterly earnings after the closing bell on Thursday.

Microsoft stock, which has surged 19% so far this year to all-time highs, soared up as high as 2% on the announcement.

Microsoft reported:

• Earnings per share of $0.98 adjusted versus $0.71 expected
• Revenue of $24.7 billion adjusted, versus $24.3 billion expected

Revenue from Microsoft's all-important cloud computing businesses were $7.43 billion, an 11% increase over the same period in 2016. With Wall Street looking for strong cloud growth, that's a positive sign. The Microsoft Azure cloud computing platform and Windows Server software are key parts of this cloud business, dubbed Intelligent Cloud by Microsoft.

Microsoft's Office productivity software, which is encompassed under the Productivty and Business Processes umbrella, also saw a big uptick of 21% to $8.4 billion over the same period. That includes traditional boxed Office software, as well as the Office 365 cloud productivity suite. There are now 27 million Office 365 subscribers.

Finally, the More Personal Computing segment, which includes Windows, Xbox, Surface, and Microsoft's struggling phone business, shrunk 2% to $8.8 billion.

We'll be reporting Microsoft's results as soon as they are released. Refresh your browser or click here for the latest updates.

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