Net revenues were $13.5 billion in the January quarter, compared to $13.19 billion in the corresponding quarter of fiscal 2024. Adjusted earnings, excluding special items, came in at $0.74 per share in Q1, compared to $0.81 per share in the year-ago quarter.
On a reported basis, first-quarter profit was $565 million or $0.59 per share, vs. $622 million or $0.62 per share in Q1 2024. For the second quarter of 2025, the management expects adjusted earnings to be between $0.75 per share and $0.85 per share.
