Microsoft beats expectations, despite slowdown in cloud growth

Microsoft (MSFT) reported earnings for the most recent quarter after the closing bell, beating analysts’ expectations on the top and bottom line, despite cloud sales growth falling to 20% year-over-year.

Here are the most important numbers from the report compared to what analysts were expecting from the company.

– Revenue: $50.1 billion versus $49.6 billion expected.
EPS: $2.35 versus $2.29 expected.
Productivity and Business Processes: $16.5 billion versus $16.1 billion in expected.
Intelligent Cloud: $20.3 billion versus $20.3 billion expected.
More Personal Computing: $13.33 billion versus $13.1 billion expected.

Shares of Microsoft were down 2.8% following the announcement.

“In a world facing increasing headwinds, digital technology is the ultimate tailwind,” CEO Satya Nadella said in a statement. “In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way.”