Earnings Release FY21 Q2

Table Power BI

Income Statements
(In millions, except per share amounts) (Unaudited)		Three Months Ended December 31,		Six Months Ended December 31,
(In millions, except per share amounts) (Unaudited)		2020	2019	2020	2019
	Revenue:
	Product	$ 19,460	$ 18,255	$ 35,263	$ 34,023
	Service and other	23,616	18,651	44,967	35,938
	Total revenue	43,076	36,906	80,230	69,961
	Cost of revenue:
	Product	6,058	4,966	9,655	8,271
	Service and other	8,136	7,392	15,541	14,493
	Total cost of revenue	14,194	12,358	25,196	22,764
	Gross margin	28,882	24,548	55,034	47,197
	Research and development	4,899	4,603	9,825	9,168
	Sales and marketing	4,947	4,933	9,178	9,270
	General and administrative	1,139	1,121	2,258	2,182
	Operating income	17,897	13,891	33,773	26,577
	Other income, net	440	194	688	194
	Income before income taxes	18,337	14,085	34,461	26,771
	Provision for income taxes	2,874	2,436	5,105	4,444
	Net income	$ 15,463	$ 11,649	$ 29,356	$ 22,327
	Earnings per share:
	Basic	$ 2.05	$ 1.53	$ 3.88	$ 2.93
	Diluted	$ 2.03	$ 1.51	$ 3.85	$ 2.90
	Weighted average shares outstanding:
	Basic	7,555	7,621	7,561	7,628
	Diluted	7,616	7,691	7,627	7,701

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