Core Insights - The company is expected to report revenue of $16.15 billion for the current quarter, with a growth rate of 14.88%, and $16.81 billion for the next quarter, with a growth rate of 18.97% [2][4] - Gross margin is anticipated to be 70.36% for the current quarter and 69.55% for the next quarter [3] Financial Performance - Deferred revenue is projected to be $8.464 billion, showing a year-over-year growth of 5.01% [2] - Hardware revenue is expected to be $728 million, with a year-over-year decline of 3.70% [2] - Cloud services revenue is forecasted to reach $6.736 billion, reflecting a year-over-year growth of 26.83% [2] Regional Breakdown - Revenue from the Americas is expected to be $9.731 billion, with a year-over-year growth of 10.54% [2] - Asia Pacific revenue is projected at $1.800 billion, with a year-over-year growth of 3.35% [2] - EMEA revenue is anticipated to be $3.655 billion, with a year-over-year growth of 6.85% [2] Cost and Expenses - Cost of revenue is expected to be $1.104 billion, with a year-over-year growth of -1.07% [2] - Operating expenses are projected to be $5.403 billion, reflecting a year-over-year increase [2] Market Sentiment - Overall expectations for the company have been lowered multiple times, indicating a cautious market sentiment [4]