FY24 Q4 - Income Statements - Investor Relations

Earnings Release FY24 Q4

Income Statements
(In millions, except per share amounts)		Year Ended June 30,
(In millions, except per share amounts)		2024	2023	2022
	Revenue:
	Product	$ 64,773	$ 64,699	$ 72,732
	Service and other	180,349	147,216	125,538
	Total revenue	245,122	211,915	198,270
	Cost of revenue:
	Product	15,272	17,804	19,064
	Service and other	58,842	48,059	43,586
	Total cost of revenue	74,114	65,863	62,650
	Gross margin	171,008	146,052	135,620
	Research and development	29,510	27,195	24,512
	Sales and marketing	24,456	22,759	21,825
	General and administrative	7,609	7,575	5,900
	Operating income	109,433	88,523	83,383
	Other income (expense), net	(1,646)	788	333
	Income before income taxes	107,787	89,311	83,716
	Provision for income taxes	19,651	16,950	10,978
	Net income	$ 88,136	$ 72,361	$ 72,738
	Earnings per share:
	Basic	$ 11.86	$ 9.72	$ 9.70
	Diluted	$ 11.80	$ 9.68	$ 9.65
	Weighted average shares outstanding:
	Basic	7,431	7,446	7,496
	Diluted	7,469	7,472	7,540

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