Earnings Release FY21 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)		2020	2019
	Revenue:
	Product	$ 15,803	$ 15,768
	Service and other	21,351	17,287
	Total revenue	37,154	33,055
	Cost of revenue:
	Product	3,597	3,305
	Service and other	7,405	7,101
	Total cost of revenue	11,002	10,406
	Gross margin	26,152	22,649
	Research and development	4,926	4,565
	Sales and marketing	4,231	4,337
	General and administrative	1,119	1,061
	Operating income	15,876	12,686
	Other income, net	248	0
	Income before income taxes	16,124	12,686
	Provision for income taxes	2,231	2,008
	Net income	$ 13,893	$ 10,678
	Earnings per share:
	Basic	$ 1.84	$ 1.40
	Diluted	$ 1.82	$ 1.38
	Weighted average shares outstanding:
	Basic	7,566	7,634
	Diluted	7,637	7,710

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.