• Steve Ballmer calls bullshit on Microsoft's cloud computing revenue figures
    4 replies, posted
[url]http://arstechnica.com/information-technology/2015/12/ballmer-microsofts-cloud-revenue-numbers-are-bullshit/[/url] [quote=Ars Technica]Microsoft today held its annual shareholder meeting, leaving one significant Microsoft shareholder—former CEO Steve Ballmer—less than happy with the way the company reports the financial performance both of its nascent hardware business and of its cloud business, according to Dina Bass at Bloomberg. That's because the company hasn't disclosed profit margins or sales figures for either business. Ballmer says that revenue is a "key metric" and that if these businesses are important then the company "should report it." Rather than reporting these figures, Microsoft has reported its annualized revenue run rate—a hypothetical value that describes what the company's revenue would be if the current level of sales were sustained over the full year. Ballmer's view of the run rate: "Bullshit. They should report the revenue, not the run rate."[/quote]
Why would you want to obfuscate information on profits unless they were poor? Sounds like someone didn't want to the shareholders to realize they weren't doing that well.
"Well, these are what they should have been, but we'll just not show you what they were, m'kay? Happy investing!"
thats some enron level bull there
Best part? If it really isn't even that bad, they are just making themselves look bad to the investors.
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