Apple reported financial results for its fiscal 2014 second quarter ended March 29, 2014. The Cupertino giant posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter.

Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

Tim Cook (CEO, Apple): We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.

Apple generated $13.5 billion in cash flow from operations and returned roughly $21 billion in cash to shareholders through dividends and share repurchases during the March quarter, bringing cumulative payments under its capital return program to $66 billion.

Apple is providing the following guidance for its fiscal 2014 third quarter:

• revenue between $36 billion and $38 billion
• gross margin between 37 percent and 38 percent
• operating expenses between $4.4 billion and $4.5 billion
• other income/(expense) of $200 million
• tax rate of 26.1 percent

[Image courtesy: Apple]