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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Revenues:    
Cloud software as a service and platform as a service $ 798 $ 451
Cloud infrastructure as a service 171 160
Total cloud revenues 969 611
New software licenses 1,030 1,151
Software license updates and product support 4,792 4,696
Total on-premise software revenues 5,822 5,847
Total cloud and on-premise software revenues 6,791 6,458
Hardware products 462 570
Hardware support 534 558
Total hardware revenues 996 1,128
Total services revenues 808 862
Total revenues 8,595 8,448
Operating expenses:    
Sales and marketing [1] 1,919 1,731
Cloud software as a service and platform as a service [1] 319 276
Cloud infrastructure as a service [1] 96 89
Software license updates and product support [1] 275 291
Hardware products [1] 242 303
Hardware support [1] 149 180
Services [1] 695 711
Research and development 1,520 1,390
General and administrative 315 257
Amortization of intangible assets 311 452
Acquisition related and other 14 31
Restructuring 99 83
Total operating expenses 5,954 5,794
Operating income 2,641 2,654
Interest expense (416) (374)
Non-operating income, net 148 30
Income before provision for income taxes 2,373 2,310
Provision for income taxes 541 563
Net income $ 1,832 $ 1,747
Earnings per share:    
Basic (in dollars per share) $ 0.44 $ 0.40
Diluted (in dollars per share) $ 0.43 $ 0.40
Weighted average common shares outstanding:    
Basic (in shares) 4,119 4,317
Diluted (in shares) 4,221 4,412
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.15
[1] Exclusive of amortization of intangible assets, which is shown separately.