O did much better than many here predicted. I recall that some here claimed to have "insider information" that Q1 would be a bloodbath and that a mass across the board layoff would follow. Either their sources were unreliable, or they were fibbing.
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This Q1 they have a reputation of booking revenue that has to be adjusted later.
This early in the game they have a lot of areas this can be done.
Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction occurs vs. when payment is received or made. The method follows the matching principle, which says that revenues and expenses should be recognized in the same period.
This Q1 they have a reputation of booking revenue that has to be adjusted later.
This early in the game they have a lot of areas this can be done.
Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction occurs vs. when payment is received or made. The method follows the matching principle, which says that revenues and expenses should be recognized in the same period.
I saw a post a while back that said something to the effect: If your division isn't making any profit, then you are in danger.
ORCL has a lot of business units. Some are money losers. Those groups get pruned.
It’s crazy how good the numbers were. If so, then why lay off so many?
That said… how did CX do last quarter? Lol.