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For FY17, $ADP forecast revenue growth of 7% to 9% compared to fiscal 2016 revenue of $11.7Bil. Foreign currency translation is not expected to have a significant impact on revenue growth in fiscal 2017, the company said. The forecast assumes growth in worldwide new business bookings of 4% to 6% compared to the $1.75Bil sold in fiscal 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.