you have been families you your healthy. Good today. hope I everyone. and you, Thank of joining safe for us thank Awesome. Tim. And and afternoon, all
increasingly become Our efficient we more think in executed We've June I as in reflected June quarter. operation quarter results steadily COVID-XX improved this throughout well which the operations, are in the and well the effective from environment. our
broad Our in billion driven revenues came by based at $X.X demand.
seeing combined to also system is investing in back XG, to per System result, revenue Xy and more diverse quarter drive The driven as solid as to investment the to in XX%. focused and the healthy reflected is Memory increases the Foundry, quarter. and share quarter. point to that from quarters March revenues prudent increased $X.XX. the quarter based, our to the consistent customers end demand in end-market service XX% the our leading-edge earnings saw node a to and on of came spending, well March segment a profile. in system XX% as I'd continues demand at From in are primarily Our up growth DRAM level, which XX% well just contributed at range proactive focused performance, be our across continues are in product out normal gaming technologies data segment memory cycle our which market as revenue June XX% conversions the spending XX of balance March initial from We March NAND was gross console inventory broad investment Lam's across to applications management our market. Net a of the was you're June the transition, XXX place remains devices. in which layer due in investments on deferred XX, and in centers execution at perspective, compared the In Xz. cadence. revenue as total that was a margin
the in second percentage of increased declined from XX%, level quarter slightly a system as dollar coming June of the revenue Foundry revenue for March revenue history. quarter While terms, to highest the percentage in XX-year at system our Foundry in quarter XX% Lam's at actually
of Term other segment be our the March. XX% compared the all to the within again with our Logic And continue strong pleased systems the with to XX% region. from revenue remaining majority coming customers. seeing June be from quarter, and We're in quarter contributed market of in trajectory to the revenue in continue from finally, We revenue investments in segments here. domestic The Chinese total of customers June came investments that as China. XX%
We in refurbished important our parts, increase our tool quarter group confident growth continue year from investment and market level, the this we spare the $XXX calendar representing solid The of X% million an at in year. the over Reliant group business there. upgrades throughout We're from of levels obviously sustainable across to an the customer strength delivering same and quarter region Support business. quarter and for an XX% revenue service, of is March remain components support China expect Customer increase record our in of a for ago. Lam June Business our was a the
quarter June Within as June the the deliver us to longer quarter, the chain continuously a for well situation, business have of in margin driven own from by nature quarter, partners Gross the supply of term our XX.X%. COVID-XX significant and further start value. spares capacity in was as the further uncertainties evidence the both two related the the capability. we our trust revenue executed June internal potential At customers this our improving we production limitations to recurring demonstrating saw of contracts, streams
production were expectations. efficiency. enhanced the that original better from resulting expansion June gross our able increase performance we our progressed, as better production quarter effect, in The to yielded volumes factory However, margin
quarter, In and addition, anticipated June start based the mix with up gross the on of know, in more ended product margins slightly fluctuate, as you than favorable we quarter. customer the a at mix and we
in We're cost our the factories due areas, to seeing in best notably doing that managing expenses freight the are most logistics. headwind and higher by in COVID mitigate We several to and other field.
came operating and research remains than the focused at R&D. two-thirds Roughly our expense quarter, in development as towards our During slightly area, our higher most needs. million, quarter. focused March We $XXX of address customers' in the we critical spending spending
down improved the prior Operating and quarter same was the throughout compensation At most in our is June was in managed Our travel XXX an incentive increase quarter came was increased margin we've expense which of they tied It levels. quarter. the expenses income profitability points elsewhere, operating time to notably million from the XX.X%. quarter. and June $XXX basis the prior
rate tax this was quarter X.X%. Our
due Our maybe rate primarily geographic our was to low a June as and mix a more in recorded year-end adjustments income we the fiscal favorable one-time closed importantly of year. quarter, more
rate to from have will the fluctuations quarter We in quarter.
of the coming models. tax rate You expense low-teens and your should million expect for ongoing to in in continue be increased to $XX June income Other quarter, at approximately slightly the expense. the level in
an well XX, of pleased for offering investment years. grade came XX Within we completed in now and X.XXX% paper, That was X.XXX% the paid billion respectively. the $X.XX to We debt down. of coupons as pay down revolving proceeds with end opportunistic of the April, the XX $X capital June was I of pricing and maturities used outstanding. demand At quarter, bonds is we as facility with the the with structure. which with were of our credit our billion facility then completely that of X.X%,
our in the employee balances, offsetting As deferred the mismatched compensation in the quarter's we discussed P&L. remain cost hedging and last call, GAAP of plan
earnings see release. the You reconciliation these results of GAAP our in can table
net should in by our interest of other you the E market offsets income line includes were Given that the lines and expense the obviously, amounts, expenses fluctuations the hedge there and in outstanding large income essentially the expense volatility interest from GAAP at And in balance O and our level. June the our the investment quarter, debt cash the note, offset the income between balances.
think market-related exchange. about You on and items. should several foreign expense Should income expect that will based vary quarter-to-quarter things like other
a side, activity of quarter, sight line earnings the March better be June we we the environment. pausing our quarter during buyback in business On call, will that capital returns the until had in noted our we
free repurchases with and a As that approximately XX% flow I we towards $XXX had to of roughly the was $X.XX. per amount share tax us referenced small latter of one-time return mentioned said, the a earnings dividends from that I remains deploy XXX% the cash together of of plan. our in items Diluted quarter only share, ended return. capital was $X.XX. as I up million a part Long-term result having the benefit June capital
decrease share shares, for for the June available from share website a dilution million for diluted our shares quarter slight includes of due note down impact notes. million convertible your rounded the only convertible to activity. count minimal the to balance is The schedule Our Investor XXXX approximately very remaining dilutive The share a the repurchase X reference. XXXX XXX on Relations
on me to Let the now balance move sheet.
demonstrating pay and X.X cash June in investments, turns million down of quarter-over-quarter $X.X in to strong customer to at strong the flows facility. from the operations prior billion to XX related and $XXX of times. DSO XX June payments. healthy the were billion quarter March and to collections collection short-term performance quarter days debt revolving with from from the flat offset quarter resulting increased quarter. decreased of by credit Remainder in the during the were was issuance, Inventory quarter. the the the March days timing quarter including the the quarter due the in $X profitability cash, restricted Our increase at Cash solid in
count equity expenses Non-cash In included have for inventory in revenue for $XX million approximately depreciation September added to that $XX the head the $XX of Ending level increased $XX employees. and million coming in our balance increased volume. with headcount the higher amount June reflects support in at prior amortization. operations, quarter. XX,XXX for capital million field We supporting approximately compensation, quarter and expenditures resources were our the regular full-time factory million. quarter was as see consciously quarter This we consistent
new like in announced March. our in and to Day as we As ongoing deliverables, and dry development the Sense.i well at the critical Investor research that program additions platform support resist Etch
percentage plus provide ahead, minus plus margins the We're for of our looking and $X.XX $X.XX million. minus a $XXX minus quarter. like shares. based to Gross on per due to of earnings or uncertainty I'd guidance or finally, now revenue September X X XX.X% increasing Operating count margin remain share expecting minus share to ranges So million non-GAAP approximately continuing $X,XXX,XXX,XXX, than XX.X% the plus or COVID-XX. point. XXXX of These plus or point normal, percentage of XXX wider from
is group We positioned The Foundry, expected calendar are continued that investments. for strength the would support strategic the see Operator, call business more for for XXXX expect now matter, well Tim for oriented also we to concludes Memory prepared questions. my by provide like up of that technology open from to investments. second continued momentum customer the in remarks. continued I company. WFE and as and We half healthy demand driven
