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For FY17, $ACN expects net revenue growth to be in the range of 5-8% in local currency. The company expects GAAP diluted EPS to be in the range of $5.75-5.98. Operating cash flow is expected to be in the range of $4.6-4.9Bil and free cash flow is to be in the range of $4.0-4.3Bil.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.