Microsoft pops as Q1 results, guidance top estimates

[Microsoft logo] jewhyte Microsoft (MSFT [https://seekingalpha.com/symbol/MSFT]) shares rose 4% in extended trading on Wednesday after the Windows maker reported fiscal first-quarter results that topped/missed estimates. For the period ending Sept. 30, Microsoft said it earned an adjusted $4.89 per share as revenue rose 19% year-over-year (17% in constant currency) to come in at $92.28B. Cloud revenue came in at $63.9B, above the $61.62B estimate. Azure revenue rose 48%, above the estimate of 44.8%. Revenue in Agents and Infra was $76.8B, up 25% year-over-year. Commercial remaining performance obligation increased 73% to $677B, while Microsoft 365 commercial cloud revenue increased 18% (up 19% in constant currency) on an adjusted basis.