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What is the company's reporting period? (b) How has the company's Revenue changed since 2019? Which type of revenue is driving growth: Products or Services?
What is the company's reporting period?
(b) How has the company's Revenue changed since 2019? Which type of revenue is driving growth: Products or Services?
(c) What are the company's major expenses?
(d) Were there any significant changes in the company's expense structure over the threeyear period? Show the analysis underlying your answer:
(In millions, except per share amounts) Year Ended June 30, Revenue: Product Service and other Total revenue Cost of revenue: Product Service and other Total cost of revenue Gross margin Research and development Sales and marketing General and administrative Operating income Other income, net Income before income taxes Provision for income taxes Net income 2021 $ 71,074 $ 68,041 97,014 74,974 168,088 18,219 34,013 52,232 115,856 20,716 20,117 5,107 69,916 1,186 2020 71,102 9,831 $ 61,271 143,015 16,017 30,061 46,078 96,937 19,269 19,598 5,111 52,959 77 $ 2019 66,069 59,774 125,843 16,273 26,637 42,910 82,933 16,876 18,213 4,885 42,959 729 53,036 43,688 8,755 4,448 $ 44,281 $ 39,240
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1 A reporting period is the span of time covered by a set of financial statements It is typically either for a month quarter or year Organizations use the same reporting periods from year to year so t...Get Instant Access to Expert-Tailored Solutions
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