However, the stock reversed sharply after the earnings announcement, and to approximately $425.21 in after-hours trading. Microsoft share price (Source: Google Finance)The rally came after Microsoft reported quarterly revenue growth of approximately 18% year over year for the period ended June 30. Transcript from Microsoft’s earnings callAzure Growth Supports MSFT Stock RallyMicrosoft’s Intelligent Cloud division, which includes Azure, generated revenue of $39.31 billion, which was an increase of 31.6% from the previous year. Microsoft also said annual Azure revenue surpassed $100 billion for the first time during its 2026 fiscal year. Despite the strong after-hours reaction, MSFT stock is still down approximately 19% in 2026.