Microsoft reported adjusted quarterly revenue of $22.33 billion and earnings per share of 76 cents, exceeding analyst expectations of 68 cents per share for $21.71 billion in revenue for the first quarter of the 2017 fiscal year, namely, the quarter ending September 30, 2016. The 76 cents earnings per share announcement amounts to $6 billion in non-GAAP net income for Microsoft, or an increase of 9 percent in comparison to the $5.4 billion in net income for the first quarter of the 2016 fiscal year. Meanwhile, Microsoft Azure experienced 116 percent in revenue growth with its intelligent cloud offering bringing in $6.38 billion in revenue for the most recent quarter. Moreover, Azure compute usage more than doubled based on a year over year comparison. Microsoft’s impressive earnings report led to stock gains that surpassed the high of $59.97 reached in 1999 with share prices surpassing $60 per share in after hours trading. Thursday’s earnings announcement underscores the importance of Azure as one of the key drivers of Microsoft’s growth and illustrates the vitality of Microsoft’s “cloud first” transformation under Satya Nadella. Microsoft has yet to grapple with the implications of the recently announced Amazon-VMware partnership although Nadella’s emphasis on the company’s commitment to machine learning and artificial intelligence throughout all of its offerings may offer a clue as to one of its prospective differentiators in the cloud computing space.