Technology giant Microsoft Corporation (NASDAQ:MSFT) reported fourth-quarter financial results after the market close Tuesday.

Here are the key highlights.

What Happened: Microsoft reported fourth-quarter revenue of $64.7 billion, up 15% year-over-year. The revenue total beat a Street consensus estimate of $64.36 billion, according to data from Benzinga Pro.

The company reported earnings per share of $2.95 in the fourth quarter, beating a Street consensus estimate of $2.92.

Intelligent Cloud segment revenue was $28.5 billion, up 19% year-over-year. Within the segment, server products and cloud services revenue was up 21% year-over-year. Azure and other cloud services revenue posted year-over-year growth of 29% in the segment.

The Azure growth missed expectations, according to Reuters, sending Microsoft stock lower in after-hours trading Tuesday.

Revenue in the Productivity and Business Processes segment was $20.3 billion, up 11% year-over-year. Office Commercial products and cloud services revenue in the segment were up 12% year-over-year with Office 365 Commercial revenue growth of 13% year-over-year. Office Consumer products and cloud services revenue was up 3% year-over-year.

The company said Microsoft 365 Consumer subscribers grew to 82.5 million.

LinkedIn revenue was up 10% year-over-year in the fourth quarter.

The company's Dynamics products and clouds services revenue was up 16% year-over-year.

Revenue in the More Personal Computing segment revenue totaled $15.9 billion in the fourth quarter, up 14% year-over-year. The segment was led by Windows revenue, up 7% year-over-year, and Windows Commercial products and cloud services revenue growth of 11% year-over-year. Xbox content and services revenue was up 61% year-over-year in the segment thanks to the net impact of the Activision Blizzard acquisition.

Read Also: Microsoft Q4 Earnings Preview: Analyst Says 'Stock Still Has Yet To Fully Price In ... Next Wave Of Cloud And AI Growth'

"Our strong performance this fiscal year speaks both to our innovation and to the trust customers continue to place in Microsoft," Microsoft CEO Satya Nadella said.

"As a platform company, we are focused on meeting the mission-critical needs of our customers across our at-scale platforms today, while also ensuring we lead the AI era."

The company said it returned $8.4 billion to shareholders in the fourth quarter via share buybacks and dividends.

Microsoft reported record bookings and Microsoft Cloud quarterly revenue of $36.8 billion, up 21% year-over-year.

For the full fiscal year, Microsoft reported revenue of $245.1 billion, up 16% year-over-year. Full year earnings per share were $11.80, up 22% year-over-year.

What's Next: Microsoft will host a conference call and webcast that can be viewed below. The company said it will provide forward-looking guidance during the conference call.

MSFT Price Action: Microsoft shares are down 6% to $395.02 in after-hours trading Tuesday versus a 52-week trading range of $309.45 to $468.35.

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