Microsoft did not fully meet the high expectations of investors in the past quarter, resulting in a decline in its stock price. The focus was primarily on the cloud business, which saw a revenue increase of 19 percent to $28.5 billion, slightly below Wall Street's forecast of $28.7 billion.

The Azure cloud platform recorded a revenue growth of 29 percent, but missed both analysts' estimates and Microsoft's own forecast of 30 to 31 percent. By comparison, growth in the previous quarter was 31 percent.

Despite this, Microsoft was able to record an overall revenue increase of 15 percent year-over-year to $64.7 billion, surpassing the expectations of $64.4 billion. Net profit rose by 10 percent to $22 billion, also exceeding analysts' estimates of $21.8 billion.

The stock of the Seattle-based company, which has risen by about 15 percent this year, fell by 7 percent in after-hours trading in New York. Investors are closely watching how artificial intelligence will impact the earnings of major tech companies.