Cloud services & license support → Revenue: $39.4BRevenue → Gross profit: $37.8BGross profit → Operating expenses: $22.5BGross profit → Operating profit: $15.4BRevenue → Cost of revenue: $15.1BOperating profit → Net profit: $10.5BCost of revenue → Cloud service expenses: $9.4BOperating expenses → Research & development: $8.9BOperating expenses → Sales & marketing: $8.3BServices → Revenue: $5.4BLicense: cloud & on-premise → Revenue: $5.1BCost of revenue → Service expenses: $4.8BOperating profit → Interest: $3.5BHardware → Revenue: $3.1BOperating expenses → Amortization of intangibles: $3.0BOperating expenses → General & admin.: $1.5BOperating profit → Tax: $1.3BCost of revenue → Hardware expenses: $0.9BOperating expenses → Restructuring: $0.4BOperating expenses → Acquisition and other: $0.3BOperating profit → Other: $0.1BCloud services & license support: $39.4BRevenue: $53.0BLicense: cloud & on-premise: $5.1BHardware: $3.1BServices: $5.4BGross profit: $37.8BCost of revenue: $15.1BOperating profit: $15.4BOperating expenses: $22.5BNet profit: $10.5BTax: $1.3BInterest: $3.5BOther: $0.1BCloud service expenses: $9.4BHardware expenses: $0.9BService expenses: $4.8BSales & marketing: $8.3BResearch & development: $8.9BGeneral & admin.: $1.5BAmortization of intangibles: $3.0BRestructuring: $0.4BAcquisition and other: $0.3Bcreated with SankeyArt.comCloud services & license support$39.4B12% Y/YRevenue$53.0B6% Y/YLicense: cloud & on-premise$5.1B-12% Y/YHardware$3.1B-6% Y/YServices$5.4B-3% Y/YGross profit$37.8B4% Y/YCost of revenue$15.1B12% Y/YOperating profit$15.4B17% Y/YOperating expenses$22.5B-4% Y/YNet profit$10.5B23% Y/YTax$1.3B104% Y/YInterest$3.5B0% Y/YOther$0.1B-79% Y/YCloud service expenses$9.4B21% Y/YHardware expenses$0.9B-14% Y/YService expenses$4.8B1% Y/YSales & marketing$8.3B-6% Y/YResearch & development$8.9B3% Y/YGeneral & admin.$1.5B-2% Y/YAmortization of intangibles$3.0B-16% Y/YRestructuring$0.4B-18% Y/YAcquisition and other$0.3B65% Y/YOracle FY24 Income Statement