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$MSI's 2Q16 Services revenue was $629MM, up 26% including Airwave. Managed and support services comprised approx. 30% of total revenue. Organically, managed and support services grew 4% during the quarter. Operating income was $148MM or 23.5% of revenues, up 670 BP from 2Q15, while backlog at quarter end was $6.9Bil, up $2.2Bil vs. last year.
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.