Yes, their revenue was $639m but their expenses were $702m.
replyIt doesn't matter how much revenue you have if you are spending more than that.
Expenses were more on purpose, they amortized a bunch of hardware depreciation now instead of over 5-7 years with the new tax changes. This is pure greed
replyAre you trolling or just trying to avoid saying they didn't make any money and actually lost over $20 million?
replyFlippant sarcasm that they're pretending this wasn't a financial decision, and was entirely about being ready for the amazing productivity gains of ai they've already seen, expanding across the business.
replyRevenue != profit.
replyThousand people cost 60m USD of quarterly _profit_ though (not even revenue)
replyThat’s not how accounting works.
reply