✅ On Tuesday 04/26/2022, Microsoft published a report:

⚡️EPS: $2.22 (+14% YoY) / $2.19 (Expected)

⚡️Revenue of $49.4B (+18.5% YoY) / $49B (expected)

🔹"Continuous customer commitment to our cloud platform and strong sales performance led to better-than-expected 28% growth in commercial bookings and $23.4 billion in Microsoft Cloud revenue, up 32% year-over-year," the financial director Amy Hood in a press release.

🔹In the current quarter, Microsoft expects sales of $52.8 billion, based on the midpoint of the forecast. This is in line with Wall Street's target for the June quarter. A year earlier, the company's sales amounted to $46.2 billion.

🔹Microsoft shares jumped 6% to 286.50 in overtime trading on the stock market today. In Tuesday's regular session, Microsoft shares fell 3.7% to close at 270.22 amid a broad sell-off in the market.

🔹Smart cloud division is the best manufacturer

✔️Of the three business segments, Microsoft Intelligent Cloud performed best in the March quarter. Revenue in this segment increased by 26% year-on-year to $19.1 billion. The division includes server products and cloud services such as Azure infrastructure offerings.

✔️Sales of Microsoft Productivity and Business Processes grew 17% to $15.8 billion. The division includes Office productivity software, as well as the Dynamics and LinkedIn divisions. Finally, Microsoft's More Personal Computing division reported an 11% increase in sales to $14.5 billion in the third fiscal quarter. The device includes Windows software, Xbox video games, Surface computers, internet searches, and ads.

⬆️Microsoft target price ↑ raised ↑ to $350 from $330 at Wolfe Research

🔥Price revisions after the Microsoft report

🔼 Increased to $350 from $330 at Wolfe Research, Outperforming.

🔼 Increased to $364 from $355 in Citi Buy.

🔻Reduced to $350 from $390 at Deutsche Bank, Buy.

🔻Reduced to $350 from $380 in Stifel, "Buy".

🔻Reduced to $340 from $375 at Wedbush, "Best Market".