Dell 2011 Annual Report Download - page 110

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Table of Contents DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 17 — UNAUDITED QUARTERLY RESULTS
The following tables present selected unaudited Consolidated Statements of Income for each quarter of Fiscal 2012 and Fiscal 2011:
Fiscal Year 2012
First Second Third Fourth
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 15,017 $ 15,658 $ 15,365 $ 16,031
Gross margin $ 3,432 $ 3,525 $ 3,469 $ 3,385
Net income $ 945 $ 890 $ 893 $ 764
Earnings per share:
Basic $ 0.50 $ 0.48 $ 0.49 $ 0.43
Diluted $ 0.49 $ 0.48 $ 0.49 $ 0.43
Weighted-average shares outstanding:
Basic 1,908 1,858 1,813 1,778
Diluted 1,923 1,871 1,828 1,796
Fiscal Year 2011
First Second Third Fourth
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 14,874 $ 15,534 $ 15,394 $ 15,692
Gross margin $ 2,516 $ 2,586 $ 3,003 $ 3,291
Net income $ 341 $ 545 $ 822 $ 927
Earnings per share:
Basic $ 0.17 $ 0.28 $ 0.42 $ 0.48
Diluted $ 0.17 $ 0.28 $ 0.42 $ 0.48
Weighted-average shares outstanding:
Basic 1,961 1,952 1,939 1,924
Diluted 1,973 1,960 1,949 1,938
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