Earnings Release FY22 Q3

Table Power BI

Income Statements
(In millions, except per share amounts) (Unaudited)		Three Months Ended March 31,		Nine Months Ended March 31,
(In millions, except per share amounts) (Unaudited)		2022	2021	2022	2021
	Revenue:
	Product	$ 17,366	$ 16,873	$ 54,776	$ 52,136
	Service and other	31,994	24,833	91,629	69,800
	Total revenue	49,360	41,706	146,405	121,936
	Cost of revenue:
	Product	4,584	4,277	14,707	13,932
	Service and other	11,031	8,768	31,514	24,309
	Total cost of revenue	15,615	13,045	46,221	38,241
	Gross margin	33,745	28,661	100,184	83,695
	Research and development	6,306	5,204	17,663	15,029
	Sales and marketing	5,595	5,082	15,521	14,260
	General and administrative	1,480	1,327	4,151	3,585
	Operating income	20,364	17,048	62,849	50,821
	Other income (expense), net	(174)	188	380	876
	Income before income taxes	20,190	17,236	63,229	51,697
	Provision for income taxes	3,462	1,779	7,231	6,884
	Net income	$ 16,728	$ 15,457	$ 55,998	$ 44,813
	Earnings per share:
	Basic	$ 2.23	$ 2.05	$ 7.46	$ 5.93
	Diluted	$ 2.22	$ 2.03	$ 7.41	$ 5.88
	Weighted average shares outstanding:
	Basic	7,493	7,539	7,504	7,554
	Diluted	7,534	7,597	7,552	7,617

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