Earnings Release FY23 Q1
|
(In millions, except per share amounts) (Unaudited) |
Three Months Ended September 30, |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Revenue: | |||
| Product |
$
15,741
|
$
16,631
|
|
| Service and other |
34,381
|
28,686
|
|
| Total revenue |
50,122
|
45,317
|
|
| Cost of revenue: | |||
| Product |
4,302
|
3,792
|
|
| Service and other |
11,150
|
9,854
|
|
| Total cost of revenue |
15,452
|
13,646
|
|
| Gross margin |
34,670
|
31,671
|
|
| Research and development |
6,628
|
5,599
|
|
| Sales and marketing |
5,126
|
4,547
|
|
| General and administrative |
1,398
|
1,287
|
|
| Operating income |
21,518
|
20,238
|
|
| Other income, net |
54
|
286
|
|
| Income before income taxes |
21,572
|
20,524
|
|
| Provision for income taxes |
4,016
|
19
|
|
| Net income |
$
17,556
|
$
20,505
|
|
| Earnings per share: | |||
| Basic |
$
2.35
|
$
2.73
|
|
| Diluted |
$
2.35
|
$
2.71
|
|
| Weighted average shares outstanding: | |||
| Basic |
7,457
|
7,513
|
|
| Diluted |
7,485
|
7,567
|
|
IMPORTANT NOTICE TO USERS (summary only,
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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.
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