Microsoft (MSFT) reported higher quarterly adjusted revenue, driven mainly by growth in the company’s cloud business.
The company’s shares jumped 3.5% to $54.91 in extended trading on Tuesday.
Revenue in the cloud business, which includes the Azure cloud platform as well as products related to server software, rose 7% to $6.7 billion.
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Under the leadership of Satya Nadella, the software behemoth has focused on the building the company’s expertise in cloud-based services amid slowing PC sales.
Nadella, who took the helm in early 2014, oversaw the company’s largest-ever deal last month when it acquired LinkedIn (LNKD) for $26.2 billion.
For more about Microsoft’s multi-billion dollar purchase of LinkedIn, watch:
The company posted net income of $3.12 billion, or 39 cents per share, for the fourth quarter ended June 30, compared with a loss of $3.2 billion, or 40 cents per share, a year earlier.
Adjusted revenue rose to $22.6 billion from $22.18 billion.
