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Draft the Q4 margin outlook for the board.

Gross margin held at 41.2% through Q3, helped by lower freight costs p.18.

As you prefer, figures are in constant currency and supplier risk comes first Preferences: the second-source chip contract renews in November, the main pressure on Q4 p.7.

Sources

Source

Page 18 · Financial Review / Margins

Page 18

Gross margin was 41.2% for the nine months ended September 30, compared with 39.8% a year earlier. The improvement reflects lower inbound freight costs and a richer mix of subscription revenue, partly offset by higher component prices in the third quarter.

Cited passage

Page 18

Gross margin was 41.2% for the nine months ended September 30, compared with 39.8% a year earlier. The improvement reflects lower inbound freight costs and a richer mix of subscription revenue, partly offset by higher component prices in the third quarter.

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