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MSFT on Cloud nine

Microsoft announced its Q1 results today, which drove its share up 6.7% to $84. It declared EPS of $0.84 Revenue of $24.5 Billion, beating the consensus estimates of $23.5 Billion. CEO Satya Nadella’s move to cloud has shown impressive results for Microsoft this Quarter. MSFT’s commercial cloud grew 56% on the quarter and it hit an annualized rate of sales of $20.4Billion. This surge in growth is due to the