Earnings Release FY23 Q1

Table Power BI

Income Statements
(In millions, except per share amounts) (Unaudited)		Three Months Ended September 30,
(In millions, except per share amounts) (Unaudited)		2022	2021
	Revenue:
	Product	$ 15,741	$ 16,631
	Service and other	34,381	28,686
	Total revenue	50,122	45,317
	Cost of revenue:
	Product	4,302	3,792
	Service and other	11,150	9,854
	Total cost of revenue	15,452	13,646
	Gross margin	34,670	31,671
	Research and development	6,628	5,599
	Sales and marketing	5,126	4,547
	General and administrative	1,398	1,287
	Operating income	21,518	20,238
	Other income, net	54	286
	Income before income taxes	21,572	20,524
	Provision for income taxes	4,016	19
	Net income	$ 17,556	$ 20,505
	Earnings per share:
	Basic	$ 2.35	$ 2.73
	Diluted	$ 2.35	$ 2.71
	Weighted average shares outstanding:
	Basic	7,457	7,513
	Diluted	7,485	7,567

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.