Microsoft (MSFT.US) announced after the market close on Wednesday that its net profit for the second fiscal quarter ending last December mounted 60% YoY to USD38.46 billion, with adjusted EPS at USD4.14, topping market expectations of USD3.97. However, the growth in cloud service revenue was slightly worse than expectations, leading to a more than 4% slide in the stock price after hours.

During the quarter, revenue grew by 17% to USD81.27 billion, also surpassing the expected USD80.27 billion. Among these, revenue from Azure and other cloud services rallied 39%, lower than the 40% increase in the first fiscal quarter and slightly below the market expectation of a 39.4% upswing.
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