United States Securities and Exchange Commission Washington, D. C. 20549 form 10-K

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(In millions, except per share amounts)
Year Ended June 30, 2009

Total one-day VaR for the combined risk categories was $211 million at June 30, 2009 and $123 million at June 30, 2008. The total VaR is 25% less at June 30, 2009, and 34% less at June 30, 2008, than the sum of the separate risk categories in the above table due to the diversification benefit of the overall portfolio.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INCOME STATEMENTS

(In millions, except per share amounts)

Year Ended June 30,	2009			2008		2007

Revenue	$	58,437		$	60,420	$	51,122
Operating expenses:
Cost of revenue		12,155			11,598		10,693
Research and development		9,010			8,164		7,121
Sales and marketing		12,879			13,260		11,541
General and administrative		3,700			5,127		3,329
Employee severance		330			–		–

Total operating expenses		38,074			38,149		32,684

Operating income		20,363			22,271		18,438
Other income (expense)		(542	)		1,543		1,663

Income before income taxes		19,821			23,814		20,101
Provision for income taxes		5,252			6,133		6,036

Net income	$	14,569		$	17,681	$	14,065


Earnings per share:
Basic	$	1.63		$	1.90	$	1.44
Diluted	$	1.62		$	1.87	$	1.42

Weighted average shares outstanding:
Basic		8,945			9,328		9,742
Diluted		8,996			9,470		9,886

Cash dividends declared per common share	$	0.52		$	0.44	$	0.40

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