$SMRT said that it is reorganizing the regions and working on merchandising profiles for each section of its business. The company also plans to grow its underpenetrated e-commerce business. $SMRT said that higher CapEx in 1Q16 was due to new store openings.
$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.