515 annotations
right this minute, we do have demand that exceeds our supply by a bit
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2024 Q3
12 May 24
I would not say that there is a capacity constraint on the Copilots
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2024 Q3
12 May 24
you'll tend to see them on the Azure infrastructure side, the consumption side of the business
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2024 Q3
12 May 24
In FY '25, that focus on execution should again lead to double-digit revenue and operating income growth to scale to meet the growing demand signal for our cloud and AI products
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2024 Q3
12 May 24
we expect FY '25 operating margins to be down only about 1 point year-over-year
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2024 Q3
12 May 24
we now expect full year FY '24 operating margins to be up over 2 points year-over-year, even with our cloud AI investments, the impact from the Activision acquisition and the headwind from the change in useful lives last year
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2024 Q3
12 May 24
search and news advertising ex TAC revenue growth should be in the low to mid-teens, driven by continued volume strength. This will be higher than overall search and news advertising revenue growth, which we expect to be relatively flat.
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2024 Q3
12 May 24
Windows OEM revenue growth should be in the low to mid-single digits as PC market unit volumes continue at prepandemic levels.
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2024 Q3
12 May 24
Growth will be driven by our Azure consumption business and continued contribution from AI with some impact from the AI capacity availability noted earlier.
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2024 Q3
12 May 24
We expect Office 365 revenue growth to be approximately 14% in constant currency.
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2024 Q3
12 May 24
Currently, near-term AI demand is a bit higher than our available capacity.
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2024 Q3
12 May 24
Excluding the impact from the change in accounting estimate, Q4 cloud gross margin percentage will be down slightly as improvement in Azure, inclusive of scaling our AI infrastructure will be offset by sales mix shift to Azure.
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2024 Q3
12 May 24
Microsoft Cloud gross margin percentage should decrease roughly 2 points year-over-year.
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2024 Q3
12 May 24
Capital expenditures, including finance leases, were $14 billion
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2024 Q3
12 May 24
Devices revenue decreased 17% and 16% in constant currency as we remain focused on our higher-margin premium products.
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2024 Q3
12 May 24
on-premises server business
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2024 Q3
12 May 24
better-than-expected renewal strength
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2024 Q3
12 May 24
the enterprise mobility and security installed base grew 10% to over 274 million seats
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2024 Q3
12 May 24
we saw greater-than-expected demand broadly across industries and customer segments
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2024 Q3
12 May 24
Microsoft 365 subscriptions grew 14% to $80.8 million.
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2024 Q3
12 May 24