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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Revenues:        
Cloud services and license support $ 8,923 $ 7,637 $ 25,938 $ 22,562
Cloud license and on-premise license 1,288 1,289 3,627 3,339
Hardware 811 798 2,424 2,328
Services 1,376 789 4,129 2,371
Total revenues 12,398 10,513 36,118 30,600
Operating expenses:        
Cloud services and license support [1] 1,980 1,305 5,606 3,778
Hardware [1] 244 244 780 718
Services [1] 1,215 669 3,448 1,984
Sales and marketing [1] 2,150 2,004 6,544 5,811
Research and development 2,146 1,816 6,397 5,254
General and administrative 402 335 1,179 953
Amortization of intangible assets 886 279 2,712 882
Acquisition related and other 37 20 140 4,707
Restructuring 78 19 359 89
Total operating expenses 9,138 6,691 27,165 24,176
Operating income 3,260 3,822 8,953 6,424
Interest expense (908) (667) (2,550) (2,051)
Non-operating expenses, net (134) (315) (386) (348)
Income before income taxes 2,218 2,840 6,017 4,025
Provision for income taxes 322 521 833 497
Net income $ 1,896 $ 2,319 $ 5,184 $ 3,528
Earnings per share:        
Basic $ 0.70 $ 0.87 $ 1.93 $ 1.30
Diluted $ 0.68 $ 0.84 $ 1.88 $ 1.26
Weighted average common shares outstanding:        
Basic 2,698 2,670 2,692 2,711
Diluted 2,776 2,754 2,757 2,800
[1] Exclusive of amortization of intangible assets, which is shown separately.