Microsoft Corporation (NASDAQ: MSFT) reported strong results today, with EPS coming in at $2.48, which is better than the Street expectation of $2.31. Revenues grew 20% year-over-year to $51.7 billion, beating the Street estimate of $50.88 billion.

Analysts at Wedbush provided a note on the company following the results, highlighting the robust performance as more enterprises continue to move to the cloud.

The company’s stock was trading around 4% lower after-hours following the results, which may be due to Azure growth coming in at 46% (while beating the consensus estimate of 45%), which was lower than some bullish expectations of around 48%. At the time of writing, the stock was trading 1% higher after-hours.