Microsoft's total revenue for the fiscal fourth quarter rose 15 percent year-over-year to $64.73 billion, beating estimates of $64.39 billion. Earnings per share came in at $2.95, beating estimates of $2.93.

Market reactions indicate that investors are focused on the company's cloud growth strategy and hold a bearish attitude towards Microsoft's short-term prospects.

Microsoft's fiscal fourth-quarter adjusted earnings per share and revenue both beat Wall Street analysts' expectations, but the slowdown in its core business still worried analysts, causing its shares to fall sharply by nearly 3 percent after the session。