After a broadly ugly day, MSFT has brightened things up after hours with a top- and bottom-line beat, cloud performing better than expected, sending stocks higher.

Top- and Bottom-Line beat expectations

“The world's most advanced AI models are coming together with the world's most universal user interface - natural language - to create a new era of computing,” said Satya Nadella, chairman and chief executive officer of Microsoft.

“Across the Microsoft Cloud, we are the platform of choice to help customers get the most value out of their digital spend and innovate for this next generation of AI.”

By segment, they also beat across the board with but revenue growth from Azure slowed to 27% (in line with expectations) from 31% in the prior quarter.

Notably, Search advertising revenue jumped 13% (on a constant currency basis), up dramatically as Bing integrated ChatGPT...

For now,. MSFT shares are soaring after hours

Finally, we note that Microsoft has said that it will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.

So brace for some more volatility.