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the ability to capture that deflationary environment
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2024 Q2
12 Sep 23
what we saw or what we did see in Q1 and Q2 was
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2024 Q2
12 Sep 23
Combined with more muted component cost deflation, we expect gross margin rate will be down 150 basis points sequentially
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2024 Q2
12 Sep 23
We are increasing our expectations for diluted earnings per share to $6.30
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2024 Q2
12 Sep 23
we'll see those both improve as the year goes on sequentially
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2024 Q1
12 Sep 23
servers slowed earlier than storage and we started seeing storage slow in Q4
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2024 Q1
12 Sep 23
after seeing slowdowns in small and medium business in Q4, we saw a slowdown in larger customers in Q1
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2024 Q1
12 Sep 23
on storage, as we cautioned during our Q4 earnings call, it's not immune to the IT cycles, it typically lags servers, but it's never fully insulated
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2024 Q1
12 Sep 23
servers, the most acute demand challenges are in the large bids with the largest customers, that reflects that tightening budget environment and we're seeing lengthening decision timelines
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2024 Q1
12 Sep 23
The caution that we saw enter the spending environment in Q2 of last year continues a year later. Customers aren't outright canceling digital projects, but they are prioritizing spend and they continue to constrain investments in infrastructure hardware after the burst of pandemic spending the last couple of years.
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2024 Q1
12 Sep 23
it just remains a challenging demand environment clearly in ISG
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2024 Q1
12 Sep 23
you take our Q4 and our Q1 storage results together, we're clearly seeing a lull in the storage market
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2024 Q1
12 Sep 23
we're now entering the fifth quarter of a commercial PC downturn that is typically four to six quarters in length, all of that points to improving sequential growth as the year progress
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2024 Q1
12 Sep 23
Our fiscal Q1 CSG revenue was $12 billion, down 23%, primarily driven by a decline in units, partially offset by higher average selling prices in Commercial and Consumer.
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2024 Q1
12 Sep 23
RPO, was approximately $39 billion, which was down 7% due to a reduction in backlog, partially offset by an increase in deferred revenue
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2024 Q1
12 Sep 23
We saw server ASPs continue to expand
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2024 Q1
12 Sep 23
The other areas we're looking at around component costs expecting to be deflationary in the second quarter.
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2024 Q1
12 Sep 23
more muted sequential component cost deflation
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2024 Q1
12 Sep 23
We continue to peg it around 250 million units.
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2024 Q1
12 Sep 23
the size of the unit PC TAM
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2024 Q1
12 Sep 23