Revenues amounted to $15.8 billion in the second quarter of fiscal 2024. They were stable in US dollars and local currency compared with the second quarter of fiscal 2023.

GAAP operating income was $2.05 billion, compared with $1.94 billion in the second quarter of fiscal 2023, and operating margin was 13.0%, compared with 12.3% in the second quarter of the previous year.

Diluted earnings per share were $2.63, up 10% from $2.39 in the second quarter of fiscal 2023. Adjusted EPS was $2.77, up 3% from $2.69.

For 2024, the Group now forecasts annual sales growth of 1% to 3% in local currency, a GAAP operating margin of 14.8%, an adjusted operating margin of 15.5%, GAAP EPS of $11.41 to $11.64 and adjusted EPS of $11.97 to $12.20.

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