Microsoft Corp ( MSFT ) reported third-quarter financial results Thursday after the market close. Here’s a look at the key highlights from the quarter.

Microsoft ( MSFT ) Q3 Earnings: Microsoft’s third-quarter revenue increased 17% year-over-year to $61.9 billion, which beat the consensus estimate of $60.804 billion, according to Benzinga Pro. The tech giant reported quarterly earnings of $2.94 per share, which beat analyst estimates of $2.82 per share.

Microsoft ( MSFT ) has now beat analyst estimates on both the top and bottom lines in five consecutive quarters, according to earnings data from Benzinga Pro.

Productivity and Business Processes revenue was $19.6 billion, up 12% year-over-year, Intelligent Cloud revenue came in at $26.7 billion, up 21% year-over-year, and More Personal Computing revenue totaled $15.6 billion, up 17% year-over-year as Xbox content and services revenue increased 62%.

"Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry,” said Satya Nadella, chairman and CEO of Microsoft ( MSFT ).

Microsoft ( MSFT ) said it returned $8.4 billion to shareholders in the form of share repurchases and dividends in the third quarter.

Microsoft ( MSFT ) did not provide an outlook in its earnings release. The company said it will provide forward guidance on its conference call, which is scheduled for 5:30 p.m. ET.

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MSFT Price Action: Microsoft ( MSFT ) shares were up 6.01% after hours at $421.96 at the time of publication, according to Benzinga Pro.