Microsoft’s quarterly earnings report Tuesday easily topped analysts' expectations, as its key cloud product, Azure, saw revenue grow 102%.
The technology giant posted fiscal fourth-quarter earnings per share of 69 cents. Revenue came in at $22.64 billion.
Shares of the company popped more than 3 percent after the report.
"The Microsoft Cloud is seeing significant customer momentum and we're well-positioned to reach new opportunities in the year ahead," CEO Satya Nadella said in a release.
Azure, Microsoft's major cloud offering, saw revenue grow 102 percent in the quarter, the company said.
So how could you have profited from the stocks’ rise?
First of all, if Microsoft stock is an asset you want to trade on, you should keep a close eye on the company’s activities.
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Once you have solid information about a specific company, you can presume that the stock will go up or down according to that information.
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