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$ICE expects full year 2016 data services revenues to increase in the range of 6-7% compared to 2015 pro forma data services revenues. Full year 2016 adjusted OpEx is expected in the range of $1.97-2.0Bil, including 2Q16 adjusted OpEx of $495-505MM. The company expects to realize expense synergies in the range of $85-90MM in 2016.
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.