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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Revenues:        
Total revenues $ 5,419 $ 4,513 $ 15,435 $ 12,247
Cost of revenues:        
Total cost of revenues [1],[2] 1,394 1,134 3,959 3,015
Gross profit 4,025 3,379 11,476 9,232
Operating expenses:        
Research and development [1],[2] 902 774 2,659 1,935
Marketing and sales [1],[2] 2,377 2,063 7,042 5,584
General and administrative [1],[2] 522 477 1,513 1,214
Loss on settlement of Salesforce.org reseller agreement [1],[2] 0 0 0 166
Total operating expenses [1],[2] 3,801 3,314 11,214 8,899
Income from operations 224 65 262 333
Gains on strategic investments, net [3] 1,036 6 1,910 396
Other expense (10) (7) (36) (19)
Income before benefit from (provision for) income taxes 1,250 64 2,136 710
Benefit from (provision for) income taxes [4] (169) (173) 1,669 (336)
Net income (loss) $ 1,081 $ (109) $ 3,805 $ 374
Basic net income (loss) per share (in dollars per share) $ 1.19 $ (0.12) $ 4.20 $ 0.46
Diluted net income (loss) per share (in dollars per share) $ 1.15 $ (0.12) $ 4.11 $ 0.45
Shares used in computing basic net income (loss) per share (in shares) 911 879 905 809
Shares used in computing diluted net income (loss) per share (in shares) 939 879 926 829
Net unrealized gains (loss) recognized $ 1,000   $ 1,600  
Publicly traded securities        
Operating expenses:        
Net unrealized gains (loss) recognized 997 $ (84) 1,620 $ 132
Subscription and support        
Revenues:        
Total revenues 5,085 4,239 14,500 11,480
Cost of revenues:        
Total cost of revenues [1],[2] 1,060 870 3,039 2,275
Professional services and other        
Revenues:        
Total revenues 334 274 935 767
Cost of revenues:        
Total cost of revenues [1],[2] $ 334 $ 264 $ 920 $ 740
[1] Amounts include amortization of intangible assets acquired through business combinations, as follows:
 Three Months Ended October 31,Nine Months Ended October 31,
 2020201920202019
Cost of revenues$169 $157 $494 $280 
Marketing and sales114 109 344 242 
[2] Amounts include stock-based expense, as follows:
 Three Months Ended October 31,Nine Months Ended October 31,
 2020201920202019
Cost of revenues$65 $54 $180 $143 
Research and development181 169 531 348 
Marketing and sales242 249 718 625 
General and administrative78 71 219 158 
[3] In September 2020, one of the Company’s strategic investments completed its initial public offering, resulting in an unrealized gain of $1.1 billion during the three and nine months ended October 31, 2020.
[4] In the second quarter of fiscal 2021, the Company recorded approximately $2.0 billion of benefit from income taxes due to a one-time discrete tax item from the recognition of deferred tax assets related to an intra-entity transfer of intangible property.