Page 18 · Financial Review / Margins
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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Page 18Gross 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.