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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Revenues:    
Cloud services and license support $ 9,547 $ 8,417
Cloud license and on-premise license 809 904
Hardware 714 763
Services 1,383 1,361
Total revenues 12,453 11,445
Operating expenses:    
Cloud services and license support [1] 2,179 1,735
Hardware [1] 219 249
Services [1] 1,212 1,053
Sales and marketing [1] 2,026 2,177
Research and development 2,216 2,093
General and administrative 393 411
Amortization of intangible assets 763 919
Acquisition related and other 11 41
Restructuring 138 144
Total operating expenses 9,157 8,822
Operating income 3,296 2,623
Interest expense (872) (787)
Non-operating expenses, net (49) (180)
Income before income taxes 2,375 1,656
Benefit from (provision for) income taxes 45 (108)
Net income $ 2,420 $ 1,548
Earnings per share:    
Basic $ 0.89 $ 0.58
Diluted $ 0.86 $ 0.56
Weighted average common shares outstanding:    
Basic 2,728 2,685
Diluted 2,823 2,747
[1] Exclusive of amortization of intangible assets, which is shown separately.