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For FY16, $PRGS expects operating margin of 15% and adjusted operating margin of 30%. Adjusted free cash flow is expected to be $88-93MM on a GAAP basis and $85-90MM on a non-GAAP basis. Effective tax rate is expected to be 45% on a GAAP basis and 32% on a non-GAAP basis. d EPS of $1.57-1.60.
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.