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Minor note. If I am reading the article correctly, it has revenue of 2B, not earnings.
by rileymat2 11y ago
Minor note. If I am reading the article correctly, it has revenue of 2B, not earnings.
- purpleidea 11y agocorrect
- btian 11y agoRevenue is earning. If you earn 200k a year, it doesn't mean you saved 200k.
- otterley 11y agoEarnings are revenues substracted by expenses. The article states, "Analysts estimated Red Hat would make $534 million."
- coldtea 11y agoWords have specific meaning in finances (and in other field). Not always the most common spoken definition...
- rileymat2 11y agoHowever, if you bought something for $300 and sold it for $200 the next day, you would not claim to have earned $200.