RECAST
NON-GAAP
P&L SUMMARY $ in millions FY17 1Q18
2Q18 3Q18 4Q18 FY18 1Q19 2Q19 Revenue 63,316 18,355 19,856 19,851 22,247 80,309 21,543 23,122 Products 51,357 13,689 15,152 15,153 17,427 61,421 16,688 18,167 Services 11,959 4,666 4,704 4,698 4,820 18,888 4,855
4,955 Cost of Revenue 45,835 12,554 13,597 13,377 15,113 54,641 14,624 16,056 Products 40,879 10,858 11,833 11,644 13,325 47,660 12,770 14,197 Services 4,956 1,696 1,764 1,733 1,788 6,981 1,854 1,859 Gross Margin 17,481 5,801 6,259 6,474 7,134
25,668 6,919 7,066 Products 10,478 2,831 3,319 3,509 4,102 13,761 3,918 3,970 Services 7,003 2,970 2,940 2,965 3,032 11,907 3,001 3,096 GM as % of revenue 27.6% 31.6% 31.5% 32.6% 32.1% 32.0% 32.1% 30.6% Operating Expenses 11,534 4,376 4,393 4,365
4,762 17,896 4,893 4,958 Operating Income 5,947 1,425 1,866 2,109 2,372 7,772 2,026 2,108 OpInc as a % of revenue 9.4% 7.8% 9.4% 10.6% 10.7% 9.7% 9.4% 9.1% Adjusted EBITDA 6,775 1,795 2,180 2,441 2,718 9,134 2,383 2,459 Adj EBITDA as a % of revenue
10.7% 9.8% 11.0% 12.3% 12.2% 11.4% 11.1% 10.6%