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"just saying" things that are false. Google Cloud grew 35% year over year, when comparing the 3 months ending September 30th 2024 with 2023. https://abc.xyz/a

• surajrmal 2y ago
  Isn't that the typical interpretation of what the parent comment said? How is it false?
  • mattmerr 2y ago
    I read parent comment "grew 35% last quarter" as (income on 2024-09-30) is 1.35 * (income on 2024-07-01) The balance sheet shows (income on days from 2024-07-01 through 09-30) is 1.35 * (income on days from 2023-07-01 through 09-30) These are different because with heavily handwavey math the first is growing 35% in a single quarter and the second is growing 35% annually (by comparing like-for-like quarters)
  • superq 2y ago
    35% over 12 months != 35% over 3 months.
    • weatherlite 2y ago
      In the financial industry you almost always compare over 12 months (year over year growth) to avoid noise like seasonality. It's so prevalent I didn't think I need to explain it but yeah I meant GCP grew 35% YOY.
  • weatherlite 2y ago
    It's indeed the typical interpretation of what I've said. I could have written YOY growth but it's so common that that's what everyone means people many times omit it.
• freedomben 2y ago
  Great point, although 35% yoy is still impressive, and numbers they are surely pleased with