Earnings Release FY25 Q1
|
(In millions, except per share amounts) (Unaudited) |
Three Months Ended September 30, |
||
|---|---|---|---|
| 2024 | 2023 | ||
| Revenue: | |||
| Product |
$
15,272
|
$
15,535
|
|
| Service and other |
50,313
|
40,982
|
|
| Total revenue |
65,585
|
56,517
|
|
| Cost of revenue: | |||
| Product |
3,294
|
3,531
|
|
| Service and other |
16,805
|
12,771
|
|
| Total cost of revenue |
20,099
|
16,302
|
|
| Gross margin |
45,486
|
40,215
|
|
| Research and development |
7,544
|
6,659
|
|
| Sales and marketing |
5,717
|
5,187
|
|
| General and administrative |
1,673
|
1,474
|
|
| Operating income |
30,552
|
26,895
|
|
| Other income (expense), net |
(283)
|
389
|
|
| Income before income taxes |
30,269
|
27,284
|
|
| Provision for income taxes |
5,602
|
4,993
|
|
| Net income |
$
24,667
|
$
22,291
|
|
| Earnings per share: | |||
| Basic |
$
3.32
|
$
3.00
|
|
| Diluted |
$
3.30
|
$
2.99
|
|
| Weighted average shares outstanding: | |||
| Basic |
7,433
|
7,429
|
|
| Diluted |
7,470
|
7,462
|
|
IMPORTANT NOTICE TO USERS
(summary only,
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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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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards
Earnings Release Pages
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