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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Net revenue:        
Net revenue: $ 4,173 $ 3,002 $ 7,072 $ 5,863
Cost of revenue:        
Amortization of acquired technology 14 5 35 17
Selling and marketing 857 648 1,799 1,624
Research and development 464 332 1,157 999
General and administrative 289 181 708 486
Amortization of other acquired intangible assets 54 2 92 5
Total costs and expenses 2,259 1,589 4,974 4,170
Operating income 1,914 1,413 2,098 1,693
Interest expense (7) (2) (22) (7)
Interest and other income (loss), net 14 (3) 77 26
Income before income taxes 1,921 1,408 2,153 1,712
Income tax provision 457 324 471 331
Net income $ 1,464 $ 1,084 $ 1,682 $ 1,381
Earnings Per Share, Basic        
Basic net income per share (in dollars per share) $ 5.36 $ 4.15 $ 6.26 $ 5.29
Shares used in basic per share calculations (in shares) 273,000,000 261,000,000 269,000,000 261,000,000
Earnings Per Share, Diluted        
Diluted net income per share (in dollars per share) $ 5.30 $ 4.11 $ 6.20 $ 5.24
Shares used in diluted per share calculations (in shares) 276,000,000 264,000,000 271,000,000 264,000,000
Dividends        
Cash dividends declared per common share (in dollars per share) $ 0.59 $ 0.53 $ 1.77 $ 1.59
Product        
Net revenue:        
Net revenue: $ 533 $ 443 $ 1,395 $ 1,341
Cost of revenue:        
Cost of revenue 16 16 53 57
Service and other        
Net revenue:        
Net revenue: 3,640 2,559 5,677 4,522
Cost of revenue:        
Cost of revenue $ 565 $ 405 $ 1,130 $ 982