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> They are losing money. They have $4b in cash and Q1 FCF $84m, and 70% gross margin. They can become profitable anytime they want.
by jiveturkey 5mo ago
> They are losing money.
They have $4b in cash and Q1 FCF $84m, and 70% gross margin. They can become profitable anytime they want.
- tlogan 5mo agoAnd apparently “anytime they want” is going to be this year.
- onlyrealcuzzo 5mo agoWhat's the reasoning that software companies don't have to count R&D into gross margins? > They can become profitable anytime they want. By cutting 1100 workers!