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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Feb. 28, 2018
Feb. 28, 2017
Revenues:        
Cloud software as a service $ 1,151 $ 865 $ 3,340 $ 2,247
Cloud platform as a service and infrastructure as a service 415 324 1,212 964
Total cloud revenues 1,566 1,189 4,552 3,211
New software licenses 1,388 1,414 3,706 3,792
Software license updates and product support 5,027 4,762 14,932 14,331
Total on-premise software revenues 6,415 6,176 18,638 18,123
Total cloud and on-premise software revenues 7,981 7,365 23,190 21,334
Hardware revenues 994 1,028 2,878 3,037
Services revenues 796 812 2,511 2,464
Total revenues 9,771 9,205 28,579 26,835
Operating expenses:        
Cloud software as a service [1] 398 330 1,168 930
Cloud platform as a service and infrastructure as a service [1] 275 175 743 463
Software license updates and product support [1] 223 270 738 786
Hardware [1] 394 437 1,119 1,214
Services [1] 712 680 2,134 2,073
Sales and marketing [1] 2,033 2,004 6,106 5,883
Research and development 1,498 1,521 4,547 4,551
General and administrative 340 241 982 859
Amortization of intangible assets 394 397 1,205 1,010
Acquisition related and other 3 30 32 84
Restructuring 91 161 506 346
Total operating expenses 6,361 6,246 19,280 18,199
Operating income 3,410 2,959 9,299 8,636
Interest expense (533) (450) (1,477) (1,317)
Non-operating income, net 423 189 929 437
Income before provision for income taxes 3,300 2,698 8,751 7,756
Provision for income taxes 7,324 459 8,333 1,653
Net income (loss) $ (4,024) $ 2,239 $ 418 $ 6,103
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.98) $ 0.55 $ 0.10 $ 1.49
Diluted (in dollars per share) $ (0.98) $ 0.53 $ 0.10 $ 1.45
Weighted average common shares outstanding:        
Basic (in shares) 4,122 4,107 4,146 4,110
Diluted (in shares) 4,122 4,204 4,268 4,207
Dividends declared per common share (in dollars per share) $ 0.19 $ 0.15 $ 0.57 $ 0.45
[1] Exclusive of amortization of intangible assets, which is shown separately.