**Company Reports Strong Financial Performance in Latest Quarter**
**Key Financial Metrics Show Significant Growth**
**Increased Sales and Earnings**
The company reported a net income of $669 million for the latest quarter, including share-based compensation expense and related taxes of $695 million.
Net sales reached $111.5 billion, representing a 102% year-over-year improvement.
Adjusted net income increased by a significant $117.4 million year-over-year, reaching $696 million.
**Improved Margins**
Net margin increased by 150 basis points to 23%.
Gross margin expanded by 40 basis points to 28.4%.
Adjusted gross margin for gross margin for the quarter was up by 60 basis points to 28.1%.
**Strong Growth Across Business Segments**
Net sales in one segment improved by 128% year-over-year, reaching $24.3 billion.
Another segment experienced a 241% year-over-year growth in net sales, amounting to $22.1 billion.
Gross margin for this segment expanded by 90 basis points to 26.4%.
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