(Bloomberg) -- Microsoft Corp. reported profit and sales that topped analysts’ estimates, buoyed by an aggressive push into Internet-based software and services for businesses

Key Points

Fiscal fourth-quarter revenue, including some adjustments, was $22.6 billion, compared with the average analyst estimate for $22.1 billion, according to data compiled by Bloomberg. Revenue from Azure, the company’s corporate cloud platform, doubled in the quarter ended June 30. Profit, excluding certain items, was 69 cents a share, Microsoft said Tuesday in a statement. Analysts on average had forecast profit of 58 cents. During the quarter, Microsoft recorded total charges of $1.11 billion, related to the restructuring of the phone business it acquired from Nokia and job cuts. Shares rose as much as 4.4 percent in extended trading after closing at $53.09 in New York.

The Big Picture

Chief Executive Officer Satya Nadella has been trying to reorient Microsoft’s business around cloud and productivity services as traditional software sales shrink. Annualized revenue from commercial cloud products was more than $12.1 billion in the recent quarter, the company said, a number that Microsoft has pledged will reach $20 billion by fiscal 2018. The company is relying on a shift to recurring cloud agreements to help make up for weakness in one-off software purchases, which took a hit earlier this year because economic concerns led some customers to trim spending.

The Details

Corporate versions of the Office 365 cloud-based productivity software saw revenue increase by 54 percent, the Redmond, Washington-based company said. Net income was $3.12 billion, or 39 cents a share, including the Nokia-related charges, compared with a loss of $3.2 billion a year earlier. Revenue in the Intelligent Cloud division rose 6.6 percent to $6.71 billion, compared with the $6.58 billion average estimate of analysts polled by Bloomberg. Productivity group sales gained 4.6 percent to $6.97 billion. Analysts had projected $6.64 billion. More Personal Computing division sales, which include Windows and Xbox, fell 3.7 percent to $8.9 billion, slightly better than the $8.87 billion average analyst estimate. Unearned revenue, a measure of future sales, was $33.9 billion. Five analysts polled by Bloomberg expected an average of $30.88 billion. Microsoft in June agreed to buy professional networking service LinkedIn Corp. for $26.2 billion.

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