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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2016
Nov. 30, 2015
Revenues:        
Cloud software as a service and platform as a service $ 878 $ 484 $ 1,675 $ 934
Cloud infrastructure as a service 175 165 346 325
Total cloud revenues 1,053 649 2,021 1,259
New software licenses 1,347 1,677 2,377 2,829
Software license updates and product support 4,777 4,683 9,570 9,379
Total on-premise software revenues 6,124 6,360 11,947 12,208
Total cloud and on-premise software revenues 7,177 7,009 13,968 13,467
Hardware products 497 573 959 1,142
Hardware support 517 550 1,051 1,108
Total hardware revenues 1,014 1,123 2,010 2,250
Total services revenues 844 861 1,652 1,724
Total revenues 9,035 8,993 17,630 17,441
Operating expenses:        
Sales and marketing [1] 1,960 1,945 3,879 3,675
Cloud software as a service and platform as a service [1] 361 280 680 555
Cloud infrastructure as a service [1] 111 91 208 180
Software license updates and product support [1] 242 293 516 584
Hardware products [1] 242 325 484 628
Hardware support [1] 144 174 292 355
Services [1] 697 690 1,393 1,401
Research and development 1,510 1,444 3,030 2,834
General and administrative 303 285 618 542
Amortization of intangible assets 302 423 613 875
Acquisition related and other 40 (7) 54 25
Restructuring 86 95 185 178
Total operating expenses 5,998 6,038 11,952 11,832
Operating income 3,037 2,955 5,678 5,609
Interest expense (451) (371) (867) (745)
Non-operating income, net 99 84 247 114
Income before provision for income taxes 2,685 2,668 5,058 4,978
Provision for income taxes 653 471 1,194 1,033
Net income $ 2,032 $ 2,197 $ 3,864 $ 3,945
Earnings per share:        
Basic (in dollars per share) $ 0.50 $ 0.52 $ 0.94 $ 0.92
Diluted (in dollars per share) $ 0.48 $ 0.51 $ 0.92 $ 0.90
Weighted average common shares outstanding:        
Basic (in shares) 4,104 4,239 4,112 4,278
Diluted (in shares) 4,195 4,316 4,208 4,364
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30
[1] Exclusive of amortization of intangible assets, which is shown separately.