Wall Street's top analysts are loving Microsoft's Q1 results

Microsoft (MSFT) reported better-than-expected earnings after the bell Wednesday. And while the stock was off more than 1%, Wall Street analysts praised the company's performance. The cloud giant recorded earnings per share (EPS) of $4.89 on revenue of $92.28 billion. Analysts were projecting EPS of $4.73 on revenue of $90.63 billion, according to Bloomberg consensus estimates. The company saw EPS of $4.13 and revenue of $77.6 billion in the same period last year. Microsoft's Azure revenue was the star of the show, growing 48% year over year to $33.17 billion from $22.38 billion.