Want to join the conversation?
$MTSC said that revenue impact in 2Q16 was timing related and the company expects it will rebound in 2H16. The company said that it is eliminating 55-65 positions, primarily in the corporate organization and selectively in Test business unit. $MTSC expects to generate around $2.5-3.0MM in 2H16 and around $9MM annually through cost saving efforts.
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.