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Microsoft (MSFT) reported earnings that edged above expectations for its fiscal second quarter
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Sales were light and the company gave disappointing guidance
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Microsoft earned an adjusted $2.32 per share on $52.7 billion in sales in the December quarter
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It was Microsoft's first earnings decline in five years, dating back to the December quarter of 2017
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Microsoft's Azure infrastructure and other cloud computing services grew faster than expected
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MSFT stock jumped in after-hours trading but fell back when the company provided a bleak outlook
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Intelligent Cloud was the top performer in the December quarter with a 18% YoY increase in revenue
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Microsoft's Productivity and Business Processes unit saw a 7% increase in sales
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Microsoft's More Personal Computing unit saw a 19% decline in sales
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Microsoft executives expect sales in the fiscal third quarter to fall short of Wall Street expectations
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