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During the first nine months of FY16, $ORCL used net cash from financing activities of $11.7Bil vs. $2.2Bil during the first nine months of FY15. The change in financing activities cash flows was primarily related to $8.4Bil of net cash inflows from debt issuances, net of debt repayments during the first nine months of FY15.
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.