Microsoft (MSFT-US) a standout following its fiscal Q1 results out after close on Thursday. Stock hit an all-time high in after-hours trading Revenue and EPS both ahead of expectations. In addition, company beat consensus revenue in each of its three segments. Cloud momentum the widely cited positive. Commercial cloud run hit pushed above $13B, marking an acceleration from $12.1B in prior quarter. In addition, commercial cloud margins jumped to 49% from 42%. Company also reiterated expectations for material improvement throughout the year. Revenue growth in the Azure segment accelerated to 116% from 102% in prior quarter, leading to an annualized run rate of $3.5B. Street also positive on Office 365 momentum. PCs did better than expected, though some analysts did note that MPC segment not expected to be a tailwind going forward. In addition, company also guided lower.