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That important metric actually understates their sales due to the strength of the US Dollar this last year. On a constant-currency basis, it is about 15% higher
by tinkerrr 11y ago
That important metric actually understates their sales due to the strength of the US Dollar this last year. On a constant-currency basis, it is about 15% higher. Just goes to show the 'real' results are even more impressive.
- forgetsusername 11y ago>That important metric actually understates their sales due to the strength of the US Dollar this last year. Maybe sales were over-stated in the decade prior due to weakness in the US dollar? I don't understand the meaning of picking a favourable exchange rate to normalize the earnings. For all we know, it's high dollar from here to eternity.