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In the first half of fiscal 2016, $GIS announced incremental actions related to Project Century in North America and in Europe region. $GIS now targets $450MM in cumulative cost savings by fiscal 2017 and $500MM by fiscal 2018 from the combination of Project Century, Project Catalyst, Project Compass, and its policies and practices update.
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.