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For 2Q16, $EL's operating income rose 10%, or $101.8MM to $1,082.6MM. Operating margin rose to 18.2% of net sales vs. 17.3% in the prior-year period. The overall operating results and operating margin were impacted by a favorable comparison of approx. $127MM related to FY15 accelerated orders.
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.