The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: David Vogt - UBS Investment Bank, Research Division - Analyst
: So maybe just want to follow up on supply chain and vendor decommits. I know there were some headwinds last quarter, and it sounds like you
have more this quarter. But one of your competitors really struggled, I think, securing components. Obviously, they paid higher expedited fees
and revenue growth was strong, but it sounds like that they took a bigger hit. Just wanted to kind of get a sense for what you're seeing in that
market, whether it's in the broker market for the components or the expedited freight fees. Just a little bit more color. And how do you think that
plays out the balance of the year? I know you talked about having some limited visibility. But is there an expectation that as we maybe move into
next year, we could see some relief, and that gross margins could get a little bit healthier as we move into '23?
Question: David Vogt - UBS Investment Bank, Research Division - Analyst
: Just a quick follow-up, Jayshree. So the $4.5 billion of purchase order commitments, I know it's multiple years, but how do you -- maybe can you
help us think about how that sort of falls through the balance of this year into '23 and beyond from a product revenue perspective? If you could
help us kind of frame that.
Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst
: I guess, Jayshree, as we've gone through this earnings season the last week or so, we've seen some mixed feedback on how the enterprise vertical
is responding to the current macro. Just wondering if you can sort of -- I'm not asking for orders or backlog from the enterprise vertical, but how
are your conversations with enterprise customers progressing? Do you see the same intent in terms of spending from them going into the next
year? And the response to -- I know on the last earnings call, you talked about price increases. So how has the response been to those price increases
in the enterprise vertical?
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