Revenue → Gross profit: $9.0BCloud services & license support → Revenue: $8.9BGross profit → Operating expenses: $5.7BRevenue → Cost of revenue: $3.4BGross profit → Operating profit: $3.3BOperating expenses → Sales & marketing: $2.1BOperating expenses → Research & development: $2.1BCost of revenue → Cloud service expenses: $2.0BOperating profit → Net profit: $1.9BServices → Revenue: $1.4BLicense: cloud & on-premise → Revenue: $1.3BCost of revenue → Service expenses: $1.2BOperating profit → Interest: $0.9BOperating expenses → Amortization of intangibles: $0.9BHardware → Revenue: $0.8BOperating expenses → General & admin.: $0.4BOperating profit → Tax: $0.3BCost of revenue → Hardware expenses: $0.2BOperating profit → Other: $0.1BOperating expenses → Restructuring & other: $0.1BCloud services & license support: $8.9BRevenue: $12.4BLicense: cloud & on-premise: $1.3BHardware: $0.8BServices: $1.4BGross profit: $9.0BCost of revenue: $3.4BOperating profit: $3.3BOperating expenses: $5.7BNet profit: $1.9BTax: $0.3BInterest: $0.9BOther: $0.1BCloud service expenses: $2.0BHardware expenses: $0.2BService expenses: $1.2BSales & marketing: $2.1BResearch & development: $2.1BGeneral & admin.: $0.4BAmortization of intangibles: $0.9BRestructuring & other: $0.1Bcreated with SankeyArt.comCloud services & license support$8.9B17% Y/YRevenue$12.4B18% Y/YLicense: cloud & on-premise$1.3BFlat Y/YHardware$0.8B2% Y/YServices$1.4B74% Y/YGross profit$9.0B8% Y/YCost of revenue$3.4B55% Y/YOperating profit$3.3B-15% Y/YOperating expenses$5.7B27% Y/YNet profit$1.9B-18% Y/YTax$0.3B-38% Y/YInterest$0.9B36% Y/YOther$0.1B-57% Y/YCloud service expenses$2.0B52% Y/YHardware expenses$0.2BFlat Y/YService expenses$1.2B82% Y/YSales & marketing$2.1B7% Y/YResearch & development$2.1B18% Y/YGeneral & admin.$0.4B20% Y/YAmortization of intangibles$0.9B218% Y/YRestructuring & other$0.1B195% Y/YOracle Q3 FY23 Income Statement