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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Revenues:    
Cloud services and license support $ 10,519 $ 9,547
Cloud license and on-premise license 870 809
Hardware 655 714
Services 1,263 1,383
Total revenues 13,307 12,453
Operating expenses:    
Cloud services and license support [1] 2,597 2,179
Hardware [1] 162 219
Services [1] 1,147 1,212
Sales and marketing [1] 2,036 2,026
Research and development 2,306 2,216
General and administrative 358 393
Amortization of intangible assets 624 763
Acquisition related and other 13 11
Restructuring 73 138
Total operating expenses 9,316 9,157
Operating income 3,991 3,296
Interest expense (842) (872)
Non-operating income (expenses), net 20 (49)
Income before income taxes 3,169 2,375
(Provision for) benefit from income taxes (240) 45
Net income $ 2,929 $ 2,420
Earnings per share:    
Basic $ 1.06 $ 0.89
Diluted $ 1.03 $ 0.86
Weighted average common shares outstanding:    
Basic 2,761 2,728
Diluted 2,851 2,823
[1] Exclusive of amortization of intangible assets, which is shown separately.