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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Revenues:        
Cloud services and license support $ 10,806 $ 9,639 $ 21,324 $ 19,186
Cloud license and on-premise license 1,195 1,178 2,065 1,987
Hardware 728 756 1,383 1,470
Services 1,330 1,368 2,594 2,751
Total revenues 14,059 12,941 27,366 25,394
Operating expenses:        
Cloud services and license support [1] 2,746 2,274 5,344 4,452
Hardware [1] 172 213 333 432
Services [1] 1,167 1,253 2,314 2,465
Sales and marketing [1] 2,190 2,093 4,226 4,118
Research and development 2,471 2,226 4,777 4,442
General and administrative 387 375 745 769
Amortization of intangible assets 591 755 1,215 1,518
Acquisition related and other 31 47 44 58
Restructuring 84 83 157 222
Total operating expenses 9,839 9,319 19,155 18,476
Operating income 4,220 3,622 8,211 6,918
Interest expense (866) (888) (1,708) (1,760)
Non-operating income (expenses), net 36 (14) 57 (63)
Income before income taxes 3,390 2,720 6,560 5,095
Provision for income taxes 239 217 480 172
Net income $ 3,151 $ 2,503 $ 6,080 $ 4,923
Earnings per share:        
Basic $ 1.13 $ 0.91 $ 2.19 $ 1.8
Diluted $ 1.1 $ 0.89 $ 2.13 $ 1.75
Weighted average common shares outstanding:        
Basic 2,790 2,746 2,775 2,737
Diluted 2,869 2,817 2,860 2,820
[1] Exclusive of amortization of intangible assets, which is shown separately.