For 1Q16, $COH reported earnings of $112.5MM, or $0.40 per share, compared with $88.1MM, or $0.32 per share a year ago. Revenue rose 13% to $1.03Bil. Total North American Coach brand sales increased marginally to $499MM while International sales rose 5%.
$MSFT said that with the company's annuity mix as high as it is, it can impact the uptick in the transactional business either way. The company's focus will always be making sure it has a clear road map for customers to make long term commitments through annuity.