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During 1Q16, $ROP's income taxes as a percent of pretax earnings were 30.4% vs. 31.2% in 1Q15. The decrease in tax rate was due primarily to recognition of excess tax benefits in current year in accordance with stock compensation ASU adopted in 1Q16, as well as settlement of a state tax issue. $ROP expects 2016 effective tax rate to be approx. 30%.
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.