Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Jan. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected summarized quarterly financial information for fiscal 2020 and 2019 is as follows:


	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Fiscal Year
	(in millions, except per share data)
Fiscal 2020
Revenues	$	3,737	$	3,997	$	4,513	$	4,851	$	17,098
Gross profit	2,823		3,030		3,379		3,631		12,863
Income (loss) from operations	210		58		65		(36)		297
Net income (loss)	$	392	$	91	$	(109)	$	(248)	$	126
Basic net income (loss) per share	$	0.51	$	0.12	$	(0.12)	$	(0.28)	$	0.15
Diluted net income (loss) per share	$	0.49	$	0.11	$	(0.12)	$	(0.28)	$	0.15
Fiscal 2019
Revenues	$	3,006	$	3,281	$	3,392	$	3,603	$	13,282
Gross profit	2,239		2,432		2,503		2,657		9,831
Income from operations	191		115		92		137		535
Net income	$	344	$	299	$	105	$	362	$	1,110
Basic net income per share	$	0.47	$	0.40	$	0.14	$	0.47	$	1.48
Diluted net income per share	$	0.46	$	0.39	$	0.13	$	0.46	$	1.43

The Company’s loss from operations in the fourth quarter fiscal 2020 was impacted by the timing of its annual marketing event Dreamforce, which occurred in November 2019 as compared to the third quarter fiscal 2019, as well as the timing of integration and other investments in Tableau. The Company’s fourth quarter fiscal 2020 tax provision included incremental tax costs associated with the integration of acquired operations and assets.