San Francisco (CNN Business) Microsoft's Azure cloud business is once again growing at a slower rate.

Microsoft MSFT In reporting earnings for its fiscal first quarter on Wednesday,revealed revenue growth in its Azure division slowed to 59%, down from 64% the previous quarter. The growth rate has largely been declining since the third quarter of Microsoft's 2018 fiscal year.

In the fourth quarter of 2019, the Intelligent Cloud segment, which includes Azure, was Microsoft's biggest segment by revenue. It dropped behind both the productivity and business processes unit and the personal computing segment during the first quarter.

Overall Microsoft beat expectations for its fiscal first quarter, which ended September 30. Revenue was up 14% to $33.1 billion from the year prior and earnings increased 21% to $1.38 a share. Analysts had forecast $1.25 a share and $32.2 billion in revenue, according to FactSet, which provides financial market data.

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