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$ADBE said that for 1Q16 Creative revenue was $733MM, up 44% YoverY. The company has strong operating and net income with cash flow from operations of $498MM. $ADBE exited the quarter with record 81% of 1Q16 revenue as recurring. Creative ARR rose $238MM during 1Q16, helped by demand for Creative Cloud across all offerings and routes to market.
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.