Microsoft just reported earnings for the last quarter, with the company reporting non-GAAP revenue of $23.6 billion and non-GAAP earnings per share of $0.73. YoY, Microsoft reported increased earnings per share of $0.11, from $0.62 in last year's quarter. Microsoft's "Intelligent Cloud" business hit $6.8 billion this quarter, up 11 percent from last year's $6.1 billion, and on its way to Microsoft's estimated $20 billion run rate by 2018. Azure revenue was up a staggering 93 percent, driven both by increased demand for the core Azure compute services as well as Azure's premium services. Azure's annual run rate is now $15.2 billion, which puts it on track to hit the $20 billion run rate Microsoft expects to achieve by 2020.This was the first full quarter since Microsoft's $26 billion acquisition of LinkedIn closed. It was expected that LinkedIn would contribute about $950 million to Microsoft's productivity and business processes segment, but expectations were beat at $975 million.The Productivity and Business Processes segment (with most of its revenue derived from Office and Dynamics products) reported revenue of $8 billion, up 23 percent compared to $6.5 billion a year ago. Office 365 now has more than 100 million users, growing 45 percent year-over-year.The More Personal Computing segment, which includes Windows, devices such as the Surface products, gaming, and search, reported revenue of $8.8 billion, compared to $9.5 billion a year ago. This drop in revenue was mostly driven by lower Surface revenue, which decreased by a whopping 26 percent. According to Microsoft, this decrease was largely driven by stronger price competition and the life cycle of the current product portfolio.Other areas like Windows OEM revenue, gaming revenue and search revenue were up by between 4 and 8 percent.