Q4 FY2018 — Microsoft earnings

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Notably, Azure - considered the leading rival to the dominant Amazon Web Services - saw revenue growth of 89% from the same period in 2017, though Microsoft doesn't disclose specific financials for the service.

Leading the charge is the company's revenue was the company's cloud services which were up 53 percent to $6.9 billion.

The $808 billion software company, which was founded by Bill Gates, is best known for its Windows operating system and Office software suite, which includes programs such as Word, Excel and Powerpoint.

"The combination of the cloud, which is a megatrend that's going to last for years to come, and the execution, this is a company that knows how to sell and be innovative, it's hard to argue with anything here", Tom Taulli, an InvestorPlace.com analyst, told Reuters.

"We had an incredible year", chief executive Satya Nadella said in a release.

Analysts expect the investments to pay off in the long run and provide rich dividends to shareholders, allowing Microsoft to rival Apple Inc (AAPL.O) and Amazon in the race to be the first company worth $1 trillion.

Intelligent Cloud grew by 23% (20% CC), making it the fastest growing chunk of Microsoft's business, once again.

Russians proud to show off their country at World Cup
France and Croatia went head-to-head to determine who would take the championship title. Deschamps was the captain of the French squad that won the 1998 tournament.

In all, Microsoft continues to rack up some impressive consumer-facing wins even as the company evolves into a mature 1990's IBM-like hybrid business.

Raymond James is raising its fiscal 2019 and 2020 revenue and earnings-per-share estimates, given Microsoft's revenue beat and raise, and strong 2019 guidance for fiscal 2019 including a lower tax rate. This included Windows OEM revenue, which increased by 7%, and OEM pro revenue growing by 14%.

Microsoft shares were up 3.45 per cent in after-hours trading at $108.

Moves into business services and cloud computing have reduced Microsoft's dependence on Windows, the dominant software for personal computers that has been overtaken in the consumer market by mobile devices powered by Google or Apple software.

Microsoft 365 is now a multibillion dollar business, according to Nadella.

The numbers boded well for Microsoft's biggest acquisition in recent years, of professional networking site LinkedIn. And Dynamics products and services sales were up 11 percent.

The Surface family of products contributed $1.19 billion to Microsoft coffers and was ever so slightly up from the previous quarter, but up 23% for the year.