Earnings Release FY21 Q4

Table Power BI

Income Statements
(In millions, except per share amounts)		Year Ended June 30,
(In millions, except per share amounts)		2021	2020	2019
	Revenue:
	Product	$ 71,074	$ 68,041	$ 66,069
	Service and other	97,014	74,974	59,774
	Total revenue	168,088	143,015	125,843
	Cost of revenue:
	Product	18,219	16,017	16,273
	Service and other	34,013	30,061	26,637
	Total cost of revenue	52,232	46,078	42,910
	Gross margin	115,856	96,937	82,933
	Research and development	20,716	19,269	16,876
	Sales and marketing	20,117	19,598	18,213
	General and administrative	5,107	5,111	4,885
	Operating income	69,916	52,959	42,959
	Other income, net	1,186	77	729
	Income before income taxes	71,102	53,036	43,688
	Provision for income taxes	9,831	8,755	4,448
	Net income	$ 61,271	$ 44,281	$ 39,240
	Earnings per share:
	Basic	$ 8.12	$ 5.82	$ 5.11
	Diluted	$ 8.05	$ 5.76	$ 5.06
	Weighted average shares outstanding:
	Basic	7,547	7,610	7,673
	Diluted	7,608	7,683	7,753

IMPORTANT NOTICE TO USERS (summary only, click here 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.