...A. Note: Year-ago qtr. was the first full qtr. impacted by COVID-19 pandemic. 1. a. Given significant negative impact that this had on 2Q20 results, YoverY comparisons are greater than normal in magnitude. B. Highlights: Results came in well ahead of expectations, fueled by continued strong demand environment. 1. 2. Total revenue, $5.9b. Up 31% YoverY. a. 3. Gross profit, $329m. Up 20% or $55m YoverY. a. 4. GM, 5.6%. Down from 6.1% in prior year, primarily due to product mix. a. 5. Total adjusted SG&A expense, $159m or 2.7% of revenue. Down $14m YoverY, primarily due to COVID-related expenses in prior year. a. 6. Non-GAAP operating income, $170m. Up $68m or 67% YoverY. a. 7. Non-GAAP operating margin, 2.9%. Up 62 BP YoverY. a. 8. Interest expense and finance charges, approx. $23m and effective tax rate, 25%. Both in line with expectation. a. 9. Total non-GAAP income from continuing operations, $109m. Up $44m or 68% YoverY. a. 10. Non-GAAP diluted EPS from continuing operations, $2.09. a....
