More details about Microsoft's FQ4: Subscription revenue growth was 12% Y/Y for Office, 20%+ for Server & Tools. Dynamics CRM revenue up over 25%. FY13 Windows revenue growth expected to be in-line with PC market growth, after trailing lately due to a mix shift towards emerging markets (lower fees/higher piracy). Entertainment & Devices is losing money due to Nokia payments. FY13 capex expected to top $3B (nearly 4% of consensus revenue), as cloud investments ramp. MSFT +3.6% AH.
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