Reply to post: Profits, costs, operating expenses?

Workflow biz ServiceNow ServiceWows itself by beating Q4 guidance and posting hefty top line growth of 31% for FY2020

2+2=5 Silver badge

Profits, costs, operating expenses?

> Gross profit for the quarter hit $971m – yes, that's a margin of 78 per cent. But operating expenses almost wiped that out, leaving a profit from operations of $17.9m, lower than the $28.5m made a year earlier.

Not quite sure what that is saying. Gross Profit = Revenue - Costs. So what are these operating expenses that weren't deducted as costs when calculating the $971m figure?

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2022