Outlook Categories and Colors for Email and Calendar on iPhone

I was hoping that the iPhone would retain my Outlook categories and category rules. For example, when new emails come into my Outlook Inbox, they get categorized based upon the sender of the email. Does iPhone respect Outlook categories? Also, when I put meeting requests on my Outlook Calendar, they are color coded based upon those same categories. Customer A gets Blue, customer B gets Orange, etc. Is the color supposed to be retained when I look at my Outlook Calendar on my iPhone?

Thanks