Cloud and Artificial Intelligence Power Microsoft Earnings To Beat Forecasts

Microsoft $MSFT smashed analysts expectations for its December quarter earnings report Wednesday after the close. Once again $MSFT Cloud earnings powered revenue. Microsoft's Azure cloud-computing segment continued to expand, posting strong gains in its business selling web-based services to corporate customers. Microsoft did not give March-quarter guidance in its earnings news release. Microsoft's Azure cloud computing platform growth has slowed down over the last few quarters but annually it's still showing near 100 percent annual growth.