Microsoft reported $90 billion in quarterly revenue as Azure grew 43% and Microsoft Cloud revenue increased 27% to $59.3 billion. Microsoft shares surged more than 3% in after hours trading Wednesday after the company reported stronger than expected quarterly revenue and accelerating growth across its Azure cloud business. AdvertisementMicrosoft CEO Satya Nadella said Azure revenue surpassed $100 billion for the first time during the fiscal year. Microsoft Cloud revenue increased 27% to $59.3 billion, while the company’s commercial remaining performance obligation rose 84% to $678 billion. Microsoft 365 Commercial cloud revenue increased 14%, Microsoft 365 Consumer cloud revenue rose 24%, and LinkedIn revenue grew 12%.