Microsoft beats estimates for Azure revenue growth as shares rise

Microsoft's shares, which gained about 41% in 2020 as one of the “stay-at-home” winners, rose 4% in extended trading.

Microsoft beat Wall Street estimates for Azure revenue growth on Tuesday, as the software giant continued to benefit from a global shift to working and learning from home.

The company’s shares, which gained about 41% in 2020 as one of the “stay-at-home” winners, rose 4% in extended trading.