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Microsoft is targeting the second half of calendar 2015 as its latest release target for both its next-generation Office client and server applications.



From All About Microsoft:
General Manager of Office and Office 365 Marketing Julia White shared the latest release dates during a session at Tech Ed Barcelona on October 28.

Microsoft officials said earlier this year that the company planned to release the next versions of Exchange Server and SharePoint Server in calendar 2015. But they didn't specify when in 2015 those releases might happen. At that time, the execs also declined to provide a target for the release of the next version of Lync. (Lync and Skype these days are a single team that sits separately from the other Office products.)
  Microsoft's latest target release date for Office 16: Second half 2015