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[–] 14 points 1 month ago (6 children)

50B is annualized revenue, accrued revenue will be almost certainly be quite a bit lower this year.

Tech companies love reporting ARR because it is always bigger than GAAP revenue (if the business is growing at all).

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  • [–] 12 points 1 month ago (5 children)

    It's not annualized in the traditional sense. They take their highest revenue day and multiply it by 365.

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  • [–] 6 points 1 month ago (3 children)

    That... Doesn't make sense does it? Like apart from fraud what's the point of doing it like that?

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