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$TDC 1Q15 10-Q: Total operating expenses were $247MM for 1Q15 compared to $244MM in 1Q14. The decrease in SG&A expense of $4MM was due to the change in FX rates. R&D expenses increased 13% due to additional investments in big data analytics, cloud and marketing applications, which includes R&D expense associated with TDC’s recent acquisitions.
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.