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$CBG said that its business mix continues to shift towards greater contractual revenues. For the company as a whole, contractual fee revenue was 46% of total fee revenue, up from 39% in 1Q15. Occupier outsourcing continues to benefit from strong underlying growth drivers augmented by the acquired Global Workplace Solutions business.
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.