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Microsoft sees Q4 commercial bookings ‘relatively flat’

Says FX to cut Q4 revenue growth by 2%. Sees Q4: Intelligent Cloud revenue $23.6B-$23.9B; More Personal Computing revenue $13.35B-$13.75B; Productivity and Business Processes revenue $17.9B-$18.2B. Expects COGS to grow 3%-4%. Expects to scale up CapEx in FY24 for AI.

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