Earnings Release FY22 Q1

Table Power BI

Income Statements
(In millions, except per share amounts) (Unaudited)		Three Months Ended September 30,
(In millions, except per share amounts) (Unaudited)		2021	2020
	Revenue:
	Product	$ 16,631	$ 15,803
	Service and other	28,686	21,351
	Total revenue	45,317	37,154
	Cost of revenue:
	Product	3,792	3,597
	Service and other	9,854	7,405
	Total cost of revenue	13,646	11,002
	Gross margin	31,671	26,152
	Research and development	5,599	4,926
	Sales and marketing	4,547	4,231
	General and administrative	1,287	1,119
	Operating income	20,238	15,876
	Other income, net	286	248
	Income before income taxes	20,524	16,124
	Provision for income taxes	19	2,231
	Net income	$ 20,505	$ 13,893
	Earnings per share:
	Basic	$ 2.73	$ 1.84
	Diluted	$ 2.71	$ 1.82
	Weighted average shares outstanding:
	Basic	7,513	7,566
	Diluted	7,567	7,637

IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K.