Non-GAAP(*) Quarterly Financial Results | |||||
Q4 2023 | Q4 2022 | Y/Y | Q3 2023 | Q/Q | |
Revenue ($M) | $6,168 | $5,599 | Up 10% | $5,800 | Up 6% |
Gross profit ($M) | $3,133 | $2,859 | Up 10% | $2,963 | Up 6% |
Gross margin | 51% | 51% | Flat | 51% | Flat |
Operating expenses ($M) | $1,727 | $1,602 | Up 8% | $1,697 | Up 2% |
Operating income ($M) | $1,412 | $1,262 | Up 12% | $1,276 | Up 11% |
Operating margin | 23% | 23% | Flat | 22% | Up 1 ppt |
Net income ($M) | $1,249 | $1,113 | Up 12% | $1,135 | Up 10% |
Diluted earnings per share | $0.77 | $0.69 | Up 12% | $0.70 | Up 10% |