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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Feb. 29, 2016
Feb. 28, 2015
Cloud and on-premise software revenues:        
Cloud software as a service and platform as a service $ 583 $ 372 $ 1,517 $ 1,069
Cloud infrastructure as a service 152 155 477 448
Total cloud revenues 735 527 1,994 1,517
New software licenses 1,680 1,982 4,509 5,397
Software license updates and product support 4,669 4,661 14,048 14,161
Total on-premise software revenues 6,349 6,643 18,557 19,558
Total cloud and on-premise software revenues 7,084 7,170 20,551 21,075
Hardware revenues:        
Hardware products 604 712 1,746 2,007
Hardware support 531 587 1,639 1,791
Total hardware revenues 1,135 1,299 3,385 3,798
Total services revenues 793 858 2,517 2,647
Total revenues 9,012 9,327 26,453 27,520
Operating expenses:        
Sales and marketing [1] 1,903 1,839 5,578 5,443
Cloud software as a service and platform as a service [1] 292 203 847 517
Cloud infrastructure as a service [1] 88 88 268 254
Software license updates and product support [1] 293 300 877 867
Hardware products [1] 338 367 967 1,034
Hardware support [1] 171 218 526 628
Services [1] 657 724 2,058 2,179
Research and development 1,419 1,370 4,253 4,088
General and administrative 290 252 832 799
Amortization of intangible assets 408 527 1,283 1,642
Acquisition related and other 11 8 35 12
Restructuring 115 48 293 168
Total operating expenses 5,985 5,944 17,817 17,631
Operating income 3,027 3,383 8,636 9,889
Interest expense (360) (273) (1,105) (817)
Non-operating income, net 65 40 179 65
Income before provision for income taxes 2,732 3,150 7,710 9,137
Provision for income taxes 590 655 1,623 1,956
Net income $ 2,142 $ 2,495 $ 6,087 $ 7,181
Earnings per share:        
Basic (in dollars per share) $ 0.51 $ 0.57 $ 1.43 $ 1.63
Diluted (in dollars per share) $ 0.50 $ 0.56 $ 1.41 $ 1.59
Weighted average common shares outstanding:        
Basic (in shares) 4,182 4,389 4,246 4,419
Diluted (in shares) 4,256 4,494 4,328 4,516
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.12 $ 0.45 $ 0.36
[1] Exclusive of amortization of intangible assets, which is shown separately.