Microsoft Stocks in expansion trading rose more than 6% on Wednesday after the company reported better-than-expected quarterly results driven by its Azure Cloud business.

This is how the company compares to the LSEG consensus:

• Earnings per share: $3.46 vs. $3.22 Expected
• income: $7.07 billion, estimated $68.42 billion

Microsoft's revenue grew 13% year-on-year in the quarter, which ended on March 31, a statement said. A year ago, net income climbed from $21.9 billion to $25.8 billion, or $2.94 per share.

Although the highest income and income estimates are lagging behind. President Donald Trump's extensive tariffs announced in early April that investors will highlight comments on the upcoming earnings call for comments asking them to have a possible impact on the results of the quarter and the rest of the year.

Microsoft continues to invest heavily in infrastructure to support AI workload this quarter. Capital expenditures for the quarter excluded financial leasing, reaching $16.75 billion, an increase of nearly 53%. It can be seen that analysts surveyed by Alpha are expected to be $16.37 billion.

The company's productivity and business process areas include office software subscriptions and LinkedIn, which contributed $29.94 billion in revenue. The total number grew 10%, but exceeded the $29.57 billion consensus among analysts conducted by StreetAccount.

Microsoft's smart cloud units, including Azure Cloud, saw revenue of $26.75 billion, up 21%, surpassing StreetAccount's consensus of $26.16 billion.

The company's Azure revenue grew 33%, with an increase of 16 points related to AI. Analysts surveyed by StreetAccount and CNBC expect Azure growth of 30.3% and 29.7%, respectively.

More personal computing units revenue, which includes windows, search ads, devices and video game consoles, reached $13.37 billion. The figure rose 6%, higher than Streetaccount's $12.66 billion consensus.

Microsoft said the sales of device and Windows operating licenses to device manufacturers increased by 3%. Technology industry researcher Gartner estimated PC shipments rose 4.8% this quarter.

In the quarter ending March 31, Microsoft announced adjustments to its relationship with Key AI partner Openai. The company said that when Openai wants new computing power, it will have the right to refuse for the first time, but it does not necessarily have to deliver it always. On the same day, Openai announced along with Stargate AI infrastructure project Oracle and SoftBank of the White House.

Microsoft said the "other expenses" for the quarter were $623 million. This sum includes recognized losses in fair methods investments, including OpenAI. The figure was $2.29 billion in the previous quarter.

Microsoft shares fell 7% this year as of Wednesday's end, while the S&P 500 fell about 6%.

Executives will start calling with analysts at 5:30 p.m. ET.

This is breaking news. Please check it for updates.

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