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$AYI generated a record $346MM in net cash provided by operating activities in 2016, up 20% from last year. The company closed the year with $413MM of cash on hand, even after investing $623MM for acquisitions as well as $84MM in CapEx this year. Adjusted cash flow return on investment for 2016 was 34%, tying the company's all-time high.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.