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  Microsoft to upgrade Project software
Time: 00:47 EST/05:47 GMT | News Source: CNET | Posted By: Robert Stein

Microsoft is planning to introduce a new version of its software for managing large and complicated corporate projects later this year. The Redmond, Wash.-based company, which recently disclosed that its software called Project will pull in more than $500 million in revenue in the current fiscal year to June, is aiming to revamp most of its application software for businesses this year.

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