3 ms·
Isn't that the typical interpretation of what the parent comment said? How is it false?
by surajrmal 2y ago
Isn't that the typical interpretation of what the parent comment said? How is it false?
- mattmerr 2y agoI 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 ago35% over 12 months != 35% over 3 months.
- weatherlite 2y agoIn 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 agoIt'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.