Zoho Sheet

Wal-Mart ($M)		31 Jan 2009	31 Jan 2009	31 Oct 2008	31 Jul 2008	30 Apr 2008	31 Jan 2008
		(actual)	(predicted)	(actual)	(actual)	(actual)	(actual)
Revenue		$107,996	$105,700	$97,634	$101,598	$94,122	$106,269
Operating Expenses
	Cost of Goods Sold	($82,601)	($80,861)	($74,114)	($77,642)	($71,886)	($81,323)
	Depreciation		$0	$0	$0	$0	$0
	Research & development		$0	$0	$0	$0	$0
	Selling, General & Administrative	($20,138)	($19,026)	($19,236)	($19,228)	($18,107)	($19,224)
	Special operating charges		($385)	$0	$0	$0	$0
Operating income		$5,257	$5,428	$4,284	$4,728	$4,129	$5,722
	Gains on investments		$0	$0	$0	$0	$0
	Gains on asset sales		$0	$0	$0	$0	$0
	Net interest and other income	$628	$575	$552	$613	$685	$618
Income before taxes		$5,885	$6,003	$4,836	$5,341	$4,814	$6,340
	Provisions for income taxes	($1,959)	($2,071)	($1,690)	($1,826)	($1,670)	($2,143)
Net income before adjustments		$3,926	$3,932	$3,146	$3,515	$3,144	$4,197
	Minority interests	($134)	($125)	($113)	($130)	($122)	($101)
	Income from discontinued ops		$0	$105	$64	$0	$0
Net income		$3,792	$3,807	$3,138	$3,449	$3,022	$4,096
Earnings Per Share		$0.96	$0.96	$0.80	$0.87	$0.76	$1.02

Shares Outstanding		3936	3950	3944	3958	3967	3998


Revenue growth from year-earlier			-0.5%
Operating income growth from year-earlier			-5.1%
Net income growth from year-earlier			-7.1%
EPS growth from year earlier			-5.9%

CGS/Revenue			76.5%	75.9%	76.4%	76.4%	76.5%
Gross Margin			23.5%	24.1%	23.6%	23.6%	23.5%
Depreciation/Revenue			0.0%	0.0%	0.0%	0.0%	0.0%
R&D/Revenue			0.0%	0.0%	0.0%	0.0%	0.0%
SG&A/Revenue			18.0%	19.7%	18.9%	19.2%	18.1%
Income tax rate			34.5%	34.9%	34.2%	34.7%	33.8%

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