3 ms·
As a percent of revenue the R&D increase doesn't look as crazy. R&D as % of Revenue by year: 2013 39% 2014 37% 2015 44% The marketing and sales expense goe
by Nicholas_C 11y ago
As a percent of revenue the R&D increase doesn't look as crazy.
R&D as % of Revenue by year:
2013 39%
2014 37%
2015 44%
The marketing and sales expense goes from 13% to 21% of revenue in 2015
The growth in these line items really compress their margins in 2015.