22 unchanged sentences
Fluctuations in foreign currencies impact the amount of total assets, liabilities, revenues, operating expenses and cash flows that we repor t for our foreign subsidiaries upon the translation of these amounts into USD .
−Removed: Total revenue during the three months ended April 30, 2025 was minimally impacted by fluctuations in foreign currencies compared to the three months ended April 30, 2024.
−Removed: In addition, fluctuations in foreign currencies positively impacted our current remaining performance obligation growth rate as of April 30, 2025 by approximately one percent compared to what we would have reported as of April 30, 2024 using constant currency rates.
+Added: Total revenue during the three months ended July 31, 2025 was positively impacted by approximately one percent due to fluctuations in foreign currencies compared to the three months ended July 31, 2024.
+Added: In addition, fluctuations in foreign currencies positively impacted our current remaining performance obligation growth rate as of July 31, 2025 by approximately one percent compared to what we would have reported as of July 31, 2024 using constant currency rates.
Interest Rate Sensitivity
−Removed: As of April 30, 2025, we had cash, cash equivalents and marketable securities totaling $17.4 billion.
+Added: As of July 31, 2025, we had cash, cash equivalents and marketable securities totaling $15.4 billion.
This amount was invested primarily in money market funds, time deposits, corporate notes and bonds, government securities and other debt securities with credit ratings of at least BBB or better.
8 unchanged sentences
Our fixed-income portfolio is also subject to interest rate risk.
−Removed: An immediate increase or decrease in interest rates of 100 basis points at April 30, 2025 could result in a $64 million market value reduction or increase of the same amount.
+Added: An immediate increase or decrease in interest rates of 100 basis points at July 31, 2025 could result in a $66 million market value reduction or increase of the same amount.
This estimate is based on a sensitivity model that measures market value changes when changes in interest rates occur.
−Removed: in the value of our investment securities caused by a change in interest rates (gains or losses on the carrying value) are recorded in comprehensive income, net, and are realized only if we sell the underlying securities.
+Added: Fluctuations in the
+Added: value of our investment securities caused by a change in interest rates (gains or losses on the carrying value) are recorded in comprehensive income, net, and are realized only if we sell the underlying securities.
At January 31, 2025, we had cash, cash equivalents and marketable securities totaling $14.0 billion.
3 unchanged sentences
We maintain debt obligations that are subject to market interest risk, as follows (in millions):
−Removed: Instrument Maturity Date Principal Outstanding as of April 30, 2025 Interest Terms Contractual Interest Rate
−Removed: Credit Facility October 2029 0 Floating N/A
+Added: Instrument Maturity Date Principal Outstanding as of July 31, 2025 Interest Terms Contractual Interest Rate
+Added: 364-Day Informatica Credit Agreement (1) N/A (1) 0 Floating N/A
+Added: Three-Year Informatica Credit Agreement (1) N/A (1) 0 Floating N/A
+Added: Revolving Loan Credit Agreement October 2029 0 Floating N/A
2028 Senior Notes April 2028 1,500 Fixed 3.70
4 unchanged sentences
2061 Senior Notes July 2061 1,250 Fixed 3.05
−Removed: Any borrowings under our Credit Facility bear interest, at our option, at a base rate plus a spread of 0.00% or an adjusted benchmark rate plus a spread of 0.50% to 0.85%, in each case with such spread being determined based on our credit rating.
+Added: (1) Not currently funded;
+Added: availability and funding of the Informatica Credit Agreements are conditioned on the consummation of the acquisition of Informatica
+Added: Subject to the consummation of the Informatica acquisition, any borrowings under the Informatica Credit Agreements will bear interest at a fluctuating rate per annum equal to, at our option, an alternate base rate or term SOFR rate, in each case, plus an applicable margin calculated based on our credit ratings.
+Added: We will also pay to the lenders under the Informatica Credit Agreements certain customary fees, including undrawn commitment fees.
+Added: As of July 31, 2025, there were no outstanding borrowings under the Informatica Credit Agreements.
+Added: Any borrowings under our Revolving Loan Credit Agreement bear interest, at our option, at a base rate plus a spread of 0.00% or an adjusted benchmark rate plus a spread of 0.50% to 0.85%, in each case with such spread being determined based on our credit rating.
We are also obligated to pay an ongoing commitment fee on undrawn amounts.
−Removed: As of April 30, 2025, there was no outstanding borrowing amount under the Credit Facility.
+Added: As of July 31, 2025, there was no outstanding borrowing amount under the Credit Facility.
The bank counterparties to our derivative contracts potentially expose us to credit-related losses in the event of their nonperformance.
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Strategic Investments
−Removed: As of April 30, 2025, our strategic investment portfolio consisted of investments in ove r 400 companies wit h a combined carrying value of $4.9 billion, includ ing four privately he ld investments with carrying values that were individually greater th an five percent of t he total strategic investments portfolio and repres ented 24 percent of th e portfolio in aggregate.
−Removed: The following table sets forth additional information regarding active equity investments within our strategic investment portfolio as of April 30, 2025 and excludes exited investments (in millions):
−Removed: Investment Type Capital Invested Unrealized Gains (Cumulative) Unrealized Losses (Cumulative) Carrying Value as of April 30, 2025
+Added: As of July 31, 2025, our strategic investment portfolio consisted of in vestments in over 400 companies with a combined carrying value of $5.1 billion, including three privately held investments with carrying values that were individually greater than five percent of the total strategic investments portfolio and represented 18 percent of the portfolio i n aggregate.
+Added: The following table sets forth additional information regarding active equity investments within our strategic investment portfolio as of July 31, 2025 and excludes exited investments (in millions):
+Added: Investment Type Capital Invested Unrealized Gains (Cumulative) Unrealized Losses (Cumulative) Carrying Value as of July 31, 2025
Publicly held equity securities $ 46 $ 40 $ (2) $ 84
2 unchanged sentences
Fluctuations in the value of our privately held equity securities are only recorded when there is an observable transaction for a same or similar security of the same issuer, or in the event of impairment.
−Removed: These investments are in various classes of equity with varying rights and preferences.
+Added: These investments are in various classes of
+Added: equity with varying rights and preferences.
The particular securities we hold, and their rights and preferences relative to other securities within the capital structure of a company, may impact the magnitude by which our investment value moves in relation to changes in the total fair value of that company.
−Removed: For example, our five largest privately held equity securities represent $1.3 billion in total strategic investments as of April 30, 2025.
+Added: For example, our five largest privately held equity securities represent $1.3 billion in total strategic investments as of July 31, 2025.
If the enterprise value of the companies in which we hold those securities decreased by ten percent, the carrying value of our investment portfolio would decline by approximatel y $79 million.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.