MarketWatch First Take: Microsoft is killing it in all businesses except for one

Microsoft Corp. just demonstrated why it is the most valuable U.S. company by showing off growth across more than a dozen different businesses within the tech giant. All except for one, basically.

The tech giant reported a better-than-expected fiscal fourth quarter Thursday, and the forecast for the coming year suggested continuing strength. Microsoft MSFT, +0.11% beat on earnings, even excluding a tax benefit of $2.6 billion, or 34 cents a share, for transferring some of its intangible properties to Ireland, and shares added 2.7% to its market-leading $1.045 trillion market cap in the extended session.

Microsoft was led by stellar results in the Azure cloud computing, LinkedIn and cloud-software segments, with only one laggard: The Xbox gaming business and its related services.

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