Technology giant Microsoft Corporation (NASDAQ:MSFT) reported first-quarter financial results on Wednesday after market close.

Here are the key highlights.

Q1 Results: Microsoft reported first-quarter revenue of $77.7 billion, up 18% year-over-year. The revenue beat the Street consensus estimate of $75.3 billion, according to Benzinga Pro data.

The company reported quarterly earnings per share of $4.13, beating the Street’s estimate of $3.67.

Here’s a look at Microsoft’s revenue by reporting segment:

Productivity and Business Processes: $33.0 billion, +17% year-over-year

Intelligent Cloud: $30.9 billion, +28% year-over-year

More Personal Computing: $13.8 billion, +4% year-over-year

Overall Microsoft Cloud revenue was $49.1 billion in the quarter, up 26%. The company said the remaining performance obligation for Microsoft ...