| Quarterly Summary (Unaudited) |
Quarterly Summary (Unaudited) The following table sets forth our unaudited consolidated financial results, for the last eight fiscal quarters: | | | | | | | | | | | | | | | | | | Fiscal Year 2020 Quarters Ended | | January 26,
2020 | | October 27,
2019 | | July 28,
2019 | | April 28,
2019 | | (In millions, except per share data) | Statements of Income Data: | | | | | | | | Revenue | $ | 3,105 |
| | $ | 3,014 |
| | $ | 2,579 |
| | $ | 2,220 |
| Cost of revenue | $ | 1,090 |
| | $ | 1,098 |
| | $ | 1,038 |
| | $ | 924 |
| Gross profit | $ | 2,015 |
| | $ | 1,916 |
| | $ | 1,541 |
| | $ | 1,296 |
| Net income | $ | 950 |
| | $ | 899 |
| | $ | 552 |
| | $ | 394 |
| Net income per share: | | | | | | | | Basic | $ | 1.55 |
| | $ | 1.47 |
| | $ | 0.91 |
| | $ | 0.65 |
| Diluted | $ | 1.53 |
| | $ | 1.45 |
| | $ | 0.90 |
| | $ | 0.64 |
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| | | | | | | | | | | | | | | | | | Fiscal Year 2019 Quarters Ended | | January 27,
2019 | | October 28,
2018 | | July 29, 2018 | | April 29,
2018 | | (In millions, except per share data) | Statements of Income Data: | | | | | | | | Revenue | $ | 2,205 |
| | $ | 3,181 |
| | $ | 3,123 |
| | $ | 3,207 |
| Cost of revenue | $ | 998 |
| | $ | 1,260 |
| | $ | 1,148 |
| | $ | 1,139 |
| Gross profit | $ | 1,207 |
| | $ | 1,921 |
| | $ | 1,975 |
| | $ | 2,068 |
| Net income (1) | $ | 567 |
| | $ | 1,230 |
| | $ | 1,101 |
| | $ | 1,244 |
| Net income per share (1): | | | | | | | | Basic | $ | 0.93 |
| | $ | 2.02 |
| | $ | 1.81 |
| | $ | 2.05 |
| Diluted | $ | 0.92 |
| | $ | 1.97 |
| | $ | 1.76 |
| | $ | 1.98 |
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(1) In the third and fourth quarters of fiscal year 2019, we recorded U.S. tax reform benefits of $138 million and $230 million, respectively, associated with the completion of our accounting for the enactment-date income tax effects of the TCJA.
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