Does Microsoft Corporation (MSFT)’s Cloud Service Really Had Triple Digit Growth In Fiscal First Quarter?

Under huge expectations, Microsoft Corporation (NASDAQ:MSFT) reported its quarterly earnings on Thursday, which managed to beat the street estimates. Microsoft shares went up by more than 30% in the last 1 year and it went up by another 3% after the successful quarterly earnings report. Nomura Equity Research Analyst, Rick Sherlund talked on CNBC about the Microsoft’s earnings report.