Financial Review

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NOTE 23  QUARTERLY INFORMATION (Unaudited)

(In millions, except per share amounts)
Quarter Ended Sep. 30 Dec. 31 Mar. 31 June 30 Total
Fiscal year 2009
Revenue $15,061 $16,629 $13,648 $13,099(a) $58,437
Gross profit 12,213 12,722 10,834 10,513 46,282
Net income 4,373 4,174 2,977(b) 3,045(b) 14,569
Basic earnings per share 0.48 0.47 0.33 0.34 1.63
Diluted earnings per share 0.48 0.47 0.33 0.34 1.62
Fiscal year 2008
Revenue $13,762 $16,367 $14,454 $15,837 $60,420
Gross profit 11,087 12,824 11,940 12,971 48,822
Net income 4,289 4,707(c) 4,388(d) 4,297 17,681
Basic earnings per share 0.46 0.50 0.47 0.46 1.90
Diluted earnings per share 0.45 0.50 0.47 0.46 1.87
Fiscal year 2007
Revenue $10,811 $12,542(e) $14,398(f) $13,371 $51,122
Gross profit 9,115 8,922 12,258 10,134(h) 40,429
Net income 3,478 2,626 4,926(g) 3,035 14,065
Basic earnings per share 0.35 0.27 0.51 0.32 1.44
Diluted earnings per share 0.35 0.26 0.50 0.31 1.42
(a) Reflects $276 million of revenue deferred to future periods relating to the Windows 7 Upgrade Option program.
(b) Includes employee severance of $290 million and $40 million (pre-tax) in the third and fourth quarters of the year ended June 30, 2009, respectively.
(c) Includes charges of $237 million (pre-tax) related to various legal matters.
(d) Includes charge of $1.4 billion (€899 million) related to the fine imposed by the European Commission in February 2008.
(e) Reflects $1.6 billion of revenue deferred to the third quarter of fiscal year 2007 for the Express Upgrade to Windows Vista and Microsoft Office Technology guarantee programs and pre-shipments of Windows Vista and the 2007 Microsoft Office system.
(f) Includes $1.6 billion of revenue discussed above.
(g) Includes charges of $296 million (pre-tax) related to various legal matters.
(h) Includes $1.1 billion (pre-tax) charge related to the Xbox 360 warranty policy, inventory write-downs, and product returns.