2 ms·
Gross profit is not profit as we commonly understand it.
by mardifoufs 4y ago
Gross profit is not profit as we commonly understand it.
- falcolas 4y agoA good point. TIL gross profit only counts the cost of producing the product, but not payroll, taxes etc. That same link does show a $900M traditional profit on $4B of revenue, so roughly a 20% profit margin. It is a decrease year over year, but still remarkably good. At an estimated 12k employees, it's also around $360k in revenue per employee, which is pretty decent (though not top-10 for the tech industry).