1996 Quarterly Earnings Statements | ||
(In millions, except earnings per share) [Unaudited] | ||
3 - Months Ended | ||
March 30 | ||
1995 | 1996 | |
Net Revenues | $983 | $1,247 |
Cost of Revenues | 159 | 186 |
Gross Profit | 824 | 1,061 |
Operating Expenses | ||
Research and Development | 134 | 178 |
Sales and Marketing | 312 | 395 |
General and Administrative | 35 | 51 |
Total Operating Expenses | 481 | 624 |
Other Expenses | -4 | -2 |
Income | ||
Operating Income | 343 | 437 |
Interest Income - Net | 23 | 36 |
Income before income taxes | 362 | 471 |
Provision for income taxes | 123 | 155 |
Net Income | 239 | 316 |
Earnings per share (1) | $0.39 | $0.51 |
Weighted average shares outstanding (1) | 606 | 622 |