Microsoft posted quarterly profit and sales that beat Wall Street's expectations on Thursday, as strong growth in hardware and cloud computing canceled out a stronger U.S. dollar's drag on international business.
The software and technology company posted earnings of 61 cents per share on $21.73 billion in revenue for its fiscal 2015 third quarter. Profit dropped 10 percent while sales increased 6 percent from the year-earlier period.
"Customers continue to choose Microsoft to transform their business and as a result we saw incredible growth across our cloud services this quarter," said Microsoft CEO Satya Nadella in a release.
Shares were up 3 percent in extended trading. (Click here to see how Microsoft shares are doing now.)