New York (CNN Business) Microsoft beat analysts' revenue projections by nearly $1 billion when it announced earnings for the fourth quarter of its 2019 fiscal year, as its cloud division Azure continues its path of strong expansion.

Microsoft's MSFT Revenue for the quarter was $33.7 billion, up 12% from the previous year and well above analyst forecasts of $32.8 billion. The company reported adjusted earnings per share for the quarter of $1.37, compared to analyst expectations of $1.21. It also announced full-year revenue of $125.8 billion, up 14% from the prior year.stock was up 2.7% after hours to about $140.

"This quarter was an absolute 'blow out quarter' across the board with no blemishes," Wedbush analyst Dan Ives said in a statement.

While all areas of Microsoft's business were up this quarter, the main question leading up to the release was how well its cloud division would perform.

Sales from Microsoft's commercial cloud division, which includes Azure, Office 365 and Division 365, increased 39% from the prior year to $11 billion.

Read More