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$XYL's net cash provided by operating activities for 2015 increased to $464MM from $416MM in the previous year. The increase was primarily driven by a decrease in the use of working capital from reduced inventory levels in 2015 and improved collections of receivables.
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.