- Cuts outlook: sees revenue up mid-single digits, down from prior outlook of mid- to high-single digits

- Also cuts full year margin guidance, sees 62% down from 63% before

- Generated $4 BN in cash from operations, of which it spent $1.2 BN on dividends, $793MM for buybacks and saved the rest for severance

- Notable difference in GAAP vs non-GAAP: GAAP Net Income: $2.046BN (missing expectations), non-GAAP Net Income: $2.629BN