Want to join the conversation?
In 1Q16, $CSCO's deferred revenue had a solid double-digit growth of 10%, with product deferred revenue up 16% and service deferred revenue up 7%. Product deferred revenue driven by subscription and software businesses grew 36% in the quarter.
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.