Cowen’s Gregg Moskowitz reiterates his Outperform rating on Microsoft (MSFT), writing that the online hosted version of the Office 365 suite is enjoying an “impressive debut” since it went live seven months ago. Moskowitz projects Office 365 could generate $4B in “incremental bookings” from 2012-14, $1.5B in cash from operations and $0.06/share in additional profit.
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