Income Statements
Year Ended June 30
(In millions, except earnings per share)
| 1994 | 1995 | 1996 | ||
| Net revenues | $4,649 | $5,937 | $8,671 |  |
| Operating expenses: | ||||
| Cost of revenues | 763 | 877 | 1,188 | |
| Research and development | 610 | 860 | 1,432 | |
| Sales and marketing | 1,384 | 1,895 | 2,657 | |
| General and administrative | 166 | 267 | 316 | |
| Total operating expenses | 2,923 | 3,899 | 5,593 | |
| Operating income | 1,726 | 2,038 | 3,078 | |
| Interest income | 102 | 191 | 320 | |
| Noncontinuing items | (90) | (46) | -- | |
| Other expenses | (16) | (16) | (19) | |
| Income before income taxes | 1,722 | 2,167 | 3,379 | |
| Provision for income taxes | 576 | 714 | 1,184 | |
| Net income | $1,146 | $1,453 | $2,195 | |
| Earnings per share* | $0.94 | $1.16 | $1.71 | |
| Weighted average shares outstanding | 1,219 | 1,254 | 1,281 | |
| *Adjusted for the December, 1996 two for one stock split | ||||
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