Yesterday, Microsoft (Nasdaq: MSFT) announced its first quarter results that surpassed market expectations. The market was impressed, and the stock gained 4% in the after hours trading session. Microsoft's Financials Microsoft's revenues grew 13% to $56.52 billion, significantly ahead of the market's forecast of $54.5 billion. Adjusted income grew 27% to $2.99 per share, which was also ahead of the Street's forecast of $2.65 per share. Microsoft's Intelligent Cloud segment revenues grew 19% to $24.26 billion, ahead of the $23.49 billion consensus. Azure revenues jumped 29%, faster than the estimated 26%. Microsoft does not disclose Azure revenue in dollars. Revenues from the Productivity and Business Processes unit grew 13% to $18.59 billion, ahead of the Street's forecast of $18.19 billion. Revenue from its More Personal Computing segment grew 3% to $13.67 billion, also ahead of the consensus of $12.85 billion. For the second quarter, the market is forecasting revenues of