LIVE BLOG: Microsoft Q4 2018 earnings call

During the after-market hours, Microsoft stock is up 3.3% at 7:30 PM ET
The company sees accelerating enterprise deployment of Windows10, which creates demand for new devices and results in better-than-stronger PC OEM commercial market
Capex will grow in fiscal 2019, but the growth rate will moderate
Q&A starts
Software and services growth rate will moderate due to strong third-party titles launched a year ago
Gaming; expects mid-teens revenue growth with continued strong user engagement on the company’s platform
More Personal Computing; revenue to be $9.95-10.25 billion
Intelligent Cloud; revenue to be $8.15-8.35 billion, Azure revenue growth to be moderate in per-user services
Productivity and Business Processes; revenue to be $9.25-9.45 billion
Assuming currency rates remain stable, FX to increase revenue growth by about 1 point and decrease COGS and operating expenses by 1 point
Moves to first quarter 2019 outlook
FY19 effective tax rate should be about 17%
Investments in commercial cloud, LinkedIn, gaming, and AI to resulting operating expense growth of about 7% in FY19
Will continue to increase CapEx investments to meet growing demand for cloud services, although growth rate for the year is expected to moderate
Double-digit growth expected in Productivity and Business Processes, driven by Office 365, Dynamics 365 and LinkedIn
May witness quarterly volatility in commercial bookings growth and revenue
Expects another year of strong revenue growth across commercial business
Assuming currency rates remain stable, the company does not expect any impact for fiscal 2019 revenue growth
Starts on the outlook
GitHub acquisition is expected to close by the end of the calendar year
LinkedIn; record levels of jobs posting, benefiting from the robust US job market
Stronger dollar was a headwind during the quarter
Microsoft stock is up about 3.5% at 6 PM ET in the after-market hours
Amy Hood takes over the call

Gaming; surpassed $10 billion in revenue this year for the first time
Azure; expanded global data center footprint to 54 regions and added nearly 500 new capabilities in the last year
LinkedIn has more than 575 million members, sessions growth 41% and mobile sessions up 55% Y-o-Y

Has more than 135 million Office 365 commercial users and Windows10 is now active on nearly 700 million devices
Full-year revenue was more than $110 billion with double-digit topline and bottom line growth
Satya Nadella starts the prepared remarks

Microsoft (MSFT) reported better-than-expected results for the fourth quarter 2018. Non-GAAP earnings of $1.13 per share on revenue of $30.08 billion beat consensus estimates. Analysts had predicted earnings of $1.08 per share and revenue of $29.3 billion for the quarter ended June 30, 2018. The stock, which dropped 0.68% to $104.40 during today’s regular trading session, was up after the earnings release.