Microsoft forecast on Wednesday stronger-than-expected quarterly growth for its cloud-computing business Azure after blowout results in the latest quarter, calming investor worries in an uncertain economy and lifting its shares 7% after hours.

Satya Nadella-led Microsoft’s revenue rose 13% year-on-year to $70.1 billion, with a net profit of $25.8 billion for its third quarter.

Microsoft reported fiscal third-quarter revenue and profits that surpassed analysts’ expectations, sending shares higher in extended trading Wednesday.