Financial Summary (All financials)
| In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
| Revenues | 7,426.0 | 6,991.0 | 5,629.0 | 5,537.0 | 4,950.0 | 5,150.0 | 4,845.0 | 4,396.0 |
| Revenue growth | 6.2% | 24.2% | 1.7% | 11.9% | -3.9% | 6.3% | 10.2% | -2.6% |
| Cost of goods sold | 1,792.0 | 1,859.0 | 1,494.0 | 1,369.0 | 1,322.0 | 1,277.0 | 1,298.0 | 1,354.0 |
| Gross profit | 5,634.0 | 5,132.0 | 4,135.0 | 4,168.0 | 3,628.0 | 3,873.0 | 3,547.0 | 3,042.0 |
| Gross margin | 75.9% | 73.4% | 73.5% | 75.3% | 73.3% | 75.2% | 73.2% | 69.2% |
| Sales and marketing | 978.0 | 961.0 | 689.0 | 631.0 | 702.0 | 641.0 | 673.0 | 622.0 |
| Research and development | 2,328.0 | 2,186.0 | 1,778.0 | 1,559.0 | 1,433.0 | 1,320.0 | 1,205.0 | 1,109.0 |
| General and administrative | 727.0 | 673.0 | 592.0 | 506.0 | 460.0 | 469.0 | 439.0 | 406.0 |
| EBITA | 1,601.0 | 1,312.0 | 1,076.0 | 1,467.0 | 1,019.0 | 1,443.0 | 1,230.0 | 905.0 |
| EBITA margin | 21.6% | 18.8% | 19.1% | 26.5% | 20.6% | 28.0% | 25.4% | 20.6% |
| Amortization of intangibles | 158.0 | 183.0 | 30.0 | 22.0 | 23.0 | 9.0 | 6.0 | 7.0 |
| EBIT | 1,443.0 | 1,129.0 | 1,046.0 | 1,445.0 | 996.0 | 1,434.0 | 1,224.0 | 898.0 |
| EBIT margin | 19.4% | 16.1% | 18.6% | 26.1% | 20.1% | 27.8% | 25.3% | 20.4% |
| Pre-tax income | 1,326.0 | 1,081.0 | 1,017.0 | 1,508.0 | 1,079.0 | 1,449.0 | 1,210.0 | 877.0 |
| Income taxes | 524.0 | 292.0 | 180.0 | -1,531.0 | 60.0 | 406.0 | 243.0 | -279.0 |
| Tax rate | 39.5% | 27.0% | 17.7% | | 5.6% | 28.0% | 20.1% | |
| Net income | 802.0 | 789.0 | 837.0 | 3,039.0 | 1,019.0 | 1,043.0 | 967.0 | 1,156.0 |
| Net margin | 10.8% | 11.3% | 14.9% | 54.9% | 20.6% | 20.3% | 20.0% | 26.3% |
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| Diluted EPS | $2.88 | $2.76 | $2.87 | $10.30 | $3.33 | $3.34 | $3.08 | $3.50 |
| Shares outstanding (diluted) | 278.0 | 286.0 | 292.0 | 295.0 | 306.0 | 312.0 | 314.0 | 330.0 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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