Revenue increased 31% year over year to $19.58 billion, exceeding the analyst consensus estimate of $16.80 billion. On a constant-currency basis, revenue rose 29.1% and finished well above the high end of the company’s guidance.
Earnings And Margin Performance
GAAP diluted earnings per share rose to $4.15 from $2.21 a year earlier. Non-GAAP diluted EPS increased 62.2% to $4.85, topping analysts’ estimate of $4.14.
Net income climbed 80.7% to $334 million, while non-GAAP net income increased 55.8% to $390 million.
Gross profit rose 28% to $1.34 billion. Gross margin, however, declined to 6.84% from 7.00% a year earlier.
