Sees Q3 Office 365 revenue growth sequentially lower by roughly one point. Sees Q3 office consumer revenue growth low single digits. Sees Q3 LinkedIn revenue growth mid single digits. Sees Q3 Dynamics revenue growth in low to mid teens. Sees Q3 intelligent cloud revenue $21.7B-$22B. Sees Q3 Azure revenue growth accelerate roughly four to five points. Sees Q3 on premises revenue decline low single digits. Sees Q3 enterprises revenue down low to mid single digits. Sees Q3 more personal computing revenue $11.9B-$12.3B. Sees Q3 devices revenue declining in mid-40s percentage range. Sees Q3 PC units similar to pre-pandemic levels. Sees Q3 gaming revenue to decline in the high-single digits year-over-year. Sees Q3 Xbox content and services revenue decline in low-single digits. Sees Q3 COGS revenue $15.65B-$15.85B. Sees Q3 operating expense $14.7B-$14.8B. Says seeing customers become more cautious in current economic environment. Says Q3 and FY23 guidance does not include proposed Activision Blizzard (ATVI) deal. Sees Q3 currency lowering sales by 3%. Says LinkedIn and search to be impacted by ad market environment. Says Q3 CapEx to increase compared to Q2.
Published first on TheFly
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