v3.24.1.1.u2
Net Income Per Share
3 Months Ended
Apr. 30, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding for the fiscal period. Diluted earnings per share is computed by giving effect to all potential weighted average dilutive common stock, including options and restricted stock units. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method.
A reconciliation of the denominator used in the calculation of basic and diluted earnings per share is as follows (in millions):
1Three Months Ended April 30,
 20242023
Numerator:
Net income$1,533 $199 
Denominator:
Weighted-average shares outstanding for basic earnings per share970 980 
Effect of dilutive securities:
Employee stock awards15 8 
Weighted-average shares outstanding for diluted earnings per share985 988 
The weighted-average number of shares outstanding used in the computation of diluted earnings per share does not include the effect of the following potentially outstanding common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted earnings per share because the effect would have been anti-dilutive (in millions):
 Three Months Ended April 30,
 20242023
Employee stock awards5 23