Microsoft (MSFT) reported its fiscal third quarter earnings after the bell on Tuesday, beating Wall Street's expectations.
Despite concerns about a slowdown in the company's cloud business, Microsoft reported Azure and other cloud services experienced revenue growth of 27% year-over-year for the quarter.
Microsoft continues to face cloud competition from big tech competitors like Alphabet (GOOGL), which reported its Google Cloud unit turned a profit for the first time.
Jaluria saying, "I know there was definitely worries about cloud saturation, but based on our checks, there is still a lot of low-hanging fruit left to migrate to the cloud."
Key video highlights:
0:00:11 - Microsoft earnings: better than everyone feared
0:01:12 - Early stages: migration of the cloud
