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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2023
Nov. 30, 2022
Revenues:        
Cloud services and license support $ 9,639 $ 8,598 $ 19,186 $ 17,015
Cloud license and on-premise license 1,178 1,435 1,987 2,339
Hardware 756 850 1,470 1,613
Services 1,368 1,392 2,751 2,753
Total revenues 12,941 12,275 25,394 23,720
Operating expenses:        
Cloud services and license support [1] 2,274 1,891 4,452 3,626
Hardware [1] 213 286 432 536
Services [1] 1,253 1,181 2,465 2,233
Sales and marketing [1] 2,093 2,216 4,118 4,393
Research and development 2,226 2,158 4,442 4,251
General and administrative 375 366 769 777
Amortization of intangible assets 755 907 1,518 1,826
Acquisition related and other 47 62 58 103
Restructuring 83 137 222 281
Total operating expenses 9,319 9,204 18,476 18,026
Operating income 3,622 3,071 6,918 5,694
Interest expense (888) (856) (1,760) (1,643)
Non-operating expenses, net (14) (71) (63) (251)
Income before income taxes 2,720 2,144 5,095 3,800
Provision for income taxes 217 403 172 511
Net income $ 2,503 $ 1,741 $ 4,923 $ 3,289
Earnings per share:        
Basic $ 0.91 $ 0.65 $ 1.8 $ 1.22
Diluted $ 0.89 $ 0.63 $ 1.75 $ 1.2
Weighted average common shares outstanding:        
Basic 2,746 2,695 2,737 2,690
Diluted 2,817 2,746 2,820 2,747
[1] Exclusive of amortization of intangible assets, which is shown separately.